S2W said on the 19th that it was newly listed on the KOSDAQ market this morning.
In a prior book-building, S2W recorded a competition rate of about 1,145 to 1 and set the offering price at 13,200 won, the top end of the desired range. In the retail subscription, which drew a competition rate of about 1,973 to 1, it collected more than 5.14 trillion won in deposits, confirming strong market interest in its technology and business potential. It also met the requirements for the priority allocation system tied to institutional investors' lock-up commitments, securing investment stability.
Founded in 2018, S2W has developed and provided AI solutions that span national security, corporate security, and business productivity enhancement by leveraging its "multi-domain cross-analysis technology," which integrates AI technologies such as the collection and analysis of special-purpose big data from the dark web and virtual assets, industry-specialized AI, and multi-domain knowledge graphs. Through this, it has expanded its customers to include international organizations such as the International Criminal Police Organization (INTERPOL), overseas government agencies, and leading corporations across all industries, including finance, telecommunications, manufacturing, and information technology (IT), proving its business scalability across the public and private sectors and the versatility of its technology.
S2W plans to use the funds secured through this listing to build a global business foundation, including establishing overseas subsidiaries, strengthening global branding, and constructing an Internet data center (IDC). In particular, leveraging the external credibility of being a listed company, it plans to accelerate entry into the business-to-government (B2G) market in the global public sector and accumulate technology credibility that meets international standards, and on that basis expand into each country's corporate and private markets to refine its two-track business strategy that spans security and industry.
Seo Sang-deok, CEO of S2W, said, "We sincerely thank all employees and investors who have given unwavering interest and support over the seven years since our founding, from starting as a startup to becoming a listed company," adding, "Now that we stand on the second starting line of being listed, we will continue to pursue in balance the two goals of strengthening profitability and enhancing shareholder value, and grow into a global big data and AI corporation."