Spoonlabs, an AI media entertainment company, said on Sunday it has sent requests for proposals to major South Korean securities firms as it targets an initial public offering in 2028.
The company plans to select a lead manager by the third quarter of this year and proceed with IPO preparations aimed at a 2028 listing. It will decide the listing market and track after choosing the lead manager.
Spoonlabs' operating revenue in the first half of this year was about 57.5 billion won, up 78 percent from a year earlier. The company said its cumulative sales this year, as of Aug. 12, exceeded its full-year sales last year.
Spoonlabs operates the audio social platform Spoon and the short drama platform Vigloo. It has recently expanded into AI-based content production and distribution, including a beta launch of the AI short drama production platform Vigloo Studio and the introduction of the audio novel service Potnovel.
Spoonlabs CEO Hyuk-jae Choi (최혁재) said, "We will push from the selection of a lead manager through a pre-IPO and target a listing in 2028."
Seulgi Son
sageson@d-today.co.kr