S2W (CEO Sang-Deok Seo), a big data analysis artificial intelligence (AI) company, was newly listed on the KOSDAQ market on the morning of the 19th.
In a previous demand forecast, STU recorded a competition rate of approximately 1,145 to 1 and set the offering price at 13,200 won, the top of the target band. In a general subscription, which was conducted with a competition rate of approximately 1,973 to 1, STU raised over 5.14 trillion won in deposits, confirming strong market interest in its technological prowess and business viability. Furthermore, STU secured investment stability by meeting the requirements of the institutional investor mandatory holding commitment priority allocation system.
Founded in 2018, S2W has developed and provided AI solutions that encompass national security, corporate security, and enhanced business productivity. Leveraging "multi-domain cross-analysis technology," which combines AI technologies such as the collection and analysis of special-purpose big data (e.g., dark web and virtual asset data), industry-specific AI, and multi-domain knowledge graphs, S2W has expanded its client base to include international organizations like INTERPOL, foreign government agencies, and leading companies across industries such as finance, communications, manufacturing, and information technology (IT), demonstrating its business scalability and technological versatility across both the public and private sectors.
S2W plans to actively utilize the proceeds from this listing to establish a global business foundation, including establishing overseas subsidiaries, strengthening its global branding, and building an internal data center (IDC). Specifically, the company plans to leverage its international credibility as a listed company to accelerate its entry into the global public sector's business-to-government (B2G) market, thereby accumulating technological reliability that meets international standards. Building on this foundation, the company plans to expand into corporate and private markets around the world, further refining its two-track business strategy encompassing both security and industry.
S2W CEO Seo Sang-deok said, “I would like to express my sincere gratitude to all of our executives and employees and investors who have shown us their unwavering interest and support over the past seven years since our founding, from our beginnings as a startup to our transformation into a listed company.” He added, “As we stand on our second starting line of listing, we will continue to pursue our two goals of strengthening profitability and enhancing shareholder value in a balanced manner, and grow into a global big data and AI company.”
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