S2W IPO Oversubscribed 1972.62:1, 19th Listing

Big Data AI Innovation Company S2W, IPO a Great Success! Overwhelming Record of 1972:1 in General Public Offering Competition Ratio S2W, a leader in the big data analysis artificial intelligence (AI) sector, is on the verge of a successful KOSDAQ listing, having achieved an astonishing competition ratio of 1972.62:1 in the general public offering of its initial public offering (IPO) amidst fervent market enthusiasm. As a result of the general public offering conducted over two days from the 10th to the 11th, a total of 237,127 applications were received, and the subscribed volume amounted to an impressive 779.18 million shares. Concurrently, approximately 5.1426 trillion won in subscription deposits directly demonstrated investors' explosive interest in S2W. Previously, in the demand forecasting for institutional investors conducted from the 2nd to the 8th, a high competition ratio of 1145.40:1 was recorded, and the offering price was set at 13,200 won, the top end of the desired band, thereby garnering significant market anticipation even before its listing. S2W is scheduled to successfully enter the KOSDAQ market on the 19th. Established in 2018, S2W has rapidly grown with its unparalleled technological prowess and has led the big data analysis AI market. Operating 'XARVIS,' a security AI platform for public and government agencies, and 'QUAXAR,' a security AI platform for enterprises and institutions, as its main offerings, it has secured major clients including international organizations, domestic and foreign government agencies, and large corporations, thereby establishing its presence in the global market early on. Recently, by successfully launching 'SAIP (S2W AI Platform),' an industry-specialized AI platform, it has expanded its references to various industry sectors, proving its new business competitiveness. Notably, with remarkable overseas export achievements such as supplying solutions to Saudi Arabian government agencies and a long-term contract renewal with INTERPOL, it has demonstrated its global scalability. The signing of a Memorandum of Understanding (MOU) with Samsung Fire & Marine Insurance to expand the cyber insurance market is part of its strategy for new market development and revenue model diversification, demonstrating that it is securing strong momentum for continuous growth. CEO Seo Sang-deok said, "Through this IPO process, we have once again confirmed investors' fervent anticipation for S2W's innovative technology and limitless growth potential," adding, "We will dedicate our full efforts to expanding into overseas markets and advancing our cutting-edge technology research and development (R&D) to lead the global AI market and achieve robust profit growth." S2W plans to leverage this listing to officially embark on its journey to become a global AI technology company.