On the 4th, Newen AI, which debuted in the KOSDAQ market, is showing a strong performance, rising more than double on its first day.
As of 9:13 a.m. on this day, Newen AI is trading at 39,350 won, up 24,500 won (162.67%) from its initial price. Newen AI was listed on the KOSDAQ market at 15,000 won on this day.
Newen AI, a generative artificial intelligence corporation, is providing cloud analysis services based on 200 billion data points and over 900 industry-specific customized AI models. More than 90% of its revenue comes from the private sector. This indicates that it has been recognized for its competitiveness in the market, compared to most AI corporations that depend on government demand.
Newen plans to use the funds secured from this listing for research and development (R&D) expenses necessary for new product development and for entering overseas markets.