PIE confirms public offering price at 5,000 won with competition rate of 1,117 to 1

The artificial intelligence (AI) software (SW) specialized corporation PIE has attracted attention in the demand forecasting for institutional investors ahead of its KOSDAQ listing.

According to the financial investment industry on the 16th, PIE confirmed the final offering price at 5,000 won, the upper limit of the band, as a result of the demand forecasting conducted for institutional investors from the 8th to the 14th. A total of 1,921 institutions participated in the demand forecasting, recording a competition ratio of 1,117.74 to 1.

PIE plans to conduct subscriptions for individual investors for 900,000 shares, corresponding to 25% of the total offering amount, for two business days starting from the 20th. A total of 400,000 shares, accounting for 11.11% of the total offering, will be offered to an employee stock ownership association. The KOSDAQ listing date is scheduled for the 4th of next month, with Samsung Securities serving as the listing manager.

Founded in 2018, PIE is a corporation specializing in AI vision inspection solutions. The company develops machine vision inspection solutions that detect defects in secondary battery batteries through AI-based image processing. It possesses core technology that allows the independent development of software tailored to the processes of its secondary battery clients.

CEO Choi Jeong-il of PIE noted, “Based on the achievements accumulated through secondary battery AI vision, we will diversify our business into areas such as non-destructive testing and semiconductors, automobiles, and pharmaceuticals using AI agent technology to accelerate our growth momentum.”