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AI & Enterprise

Rableup eyes global market ahead of IPO, targets 57.9 billion won revenue in 2029

AI infrastructure software company Rableup plans to target global markets with integrated operations technology for heterogeneous AI accelerators and more than 10 years of experience. It aims to expand investment in next-generation AI semiconductor compatibility and overseas business after a KOSDAQ listing. Its flagship Backend.AI supports end-to-end AI infrastructure operations. Rableup reported 6.72 billion won revenue and 679 million won operating profit last year and set a 57.9 billion won revenue target for 2029.

AI & Enterprise

Korean stocks slide raises uncertainty for AI startups ahead of IPOs

A sharp fall in South Korean stocks has raised uncertainty for AI startups pursuing initial public offerings, as concerns resurface over AI investment profitability. Alice Group is set to list on the KOSDAQ after strong demand in its bookbuilding and retail subscription. Attention is turning to follow-on candidates Rablup and Xenon as they run institutional demand forecasts and prepare retail subscriptions amid heightened market volatility and potentially weaker investor sentiment.

AI & Enterprise

Rableup files securities registration statement, steps up Kosdaq listing push

AI infrastructure management and operations software company Rableup said on Monday it filed a securities registration statement with South Korea\'s Financial Services Commission and began the public offering process for a Kosdaq listing. NH Investment & Securities is the lead underwriter. The company plans to offer 2.18 million shares at 20,000 to 23,000 won each, targeting proceeds of 43.6 billion to 50.1 billion won, and invest the funds in R&D, global expansion and infrastructure.