News 2026.10.14

SBI Investment Portfolio Company XCENA Selects Mirae Asset and Samsung Securities as IPO Underwriters… Valued at KRW 800 Billion

XCENA, an SBI Investment portfolio company providing AI memory solutions, has selected Mirae Asset Securities and Samsung Securities as underwriters for its initial public offering (IPO). The underwriting group was finalized about two months after the company sent out requests for proposal (RFPs) in August and held presentations in early September.
Founded in 2022, XCENA owns ‘MX1,’ a product based on CXL (Compute Express Link), a core next-generation memory technology, and co-presented MX1 with Samsung Electronics at the global semiconductor conference Hot Chips. This year it raised a KRW 200 billion Series B round at a valuation of approximately KRW 800 billion, and it has demonstrated its technology by winning awards at the global memory event FMS for three consecutive years since 2024.
XCENA plans to proceed with the listing process in line with the point at which significant revenue becomes visible, and the market expects the company to command a valuation in the trillions of won at the time of listing.

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