News

SBI Investment’s Portfolio Companies Line Up for IPOs… Early Investments Bear Fruit

  • Portfolio companies in which SBI Investment invested early are moving toward IPOs one after another. Autonomous driving AI company RideFlux received ‘A’ ratings from both evaluation agencies in May and filed for KOSDAQ preliminary listing review on the 14th of last month (joint lead underwriters: Korea Investment & Securities and Woori Investment Securities; SBI Investment first invested in 2020 and has participated in follow-on rounds).
  • AI training and evaluation data company SELECTSTAR passed the technology evaluation for a KOSDAQ technology-based special listing in July and aims to file for preliminary listing review within the year (SBI Investment invested in its Series B last year), while Youngkwang YKMC, a precision machining company for semiconductor and display components, filed for preliminary listing review in July (SBI Investment has participated since its Series A in 2020). Other portfolio companies, including DTS and MUSINSA, are also preparing to go public.
  • An SBI Investment official said, “We are focused on discovering companies that will drive industrial change early on and enhancing their enterprise value through investments tailored to each stage of growth.”

The full article is available at the link below.

https://n.news.naver.com/mnews/article/015/0005328212?sid=101

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