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Saltlux to go public on Kosdaq in July

According to Yonhap News,

Saltlux, an AI- big data specialist in Korea is planning an initial public offering (IPO) this July. They announced the kick off for the process to go public on May 29, while submitting a stock certificate to officially represent ownership in the company.

It will offer 750,000 in depository receipts at pricing target from KRW 24,000 to KRW 30,000 apiece in book building. Under the pricing guidance, it will be able to raise as much as KRW 22.5 billion.

The stock will go listed on the Kosdaq in July and handled mainly by Korea Investment & Securities Co., Ltd.

One of fastest growing automated AI-based solution developers in Korea, Saltlux has been constantly releasing a series of software applications using artificial intelligence and natural language processing, called “chatbots” that imitate human conversation through voice recognition and commands.

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Source: Yonhap News (May 29, 2020)

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