Terahertz technology-based solution company Terraview (CEO Donald Dominic Arnon, hereinafter referred to as Terraview) announced on the 15th that it has submitted a securities report to the Financial Supervisory Service and has begun the full-scale initial public offering (IPO) process.
Terraview is a company that commercializes terahertz (THz) technology for ultra-precision quality inspection in cutting-edge industries such as semiconductors, secondary batteries, electric vehicles, and aerospace. It holds the world's largest number of related patents. In particular, its technological competitiveness is recognized in the global market based on its inspection solutions that enable precise, non-destructive detection of internal defects.
Terraview's terahertz technology is attracting attention as an alternative that overcomes the limitations of existing optical and X-ray inspection methods. It can diagnose problems difficult to detect with the naked eye, such as microscopic cracks, foreign particles, and interface defects, with high speed and high precision. As semiconductor integration and specifications increase, the difficulty of inspection increases, and this technology is contributing to ensuring quality and improving yield in the production process.
Currently, Terraview's inspection equipment is being used in production lines at global semiconductor and tech companies, including NVIDIA and Intel, and its adoption is reportedly expanding to key partners. Consequently, some industry insiders believe Terraview is leading the global terahertz inspection market.
TeraVue's CEO, Donald Dominic Arnone, has over 40 years of research experience in terahertz technology and was elected a Fellow of the Royal Academy of Engineering (FREng) in 2017. The company's key executives are also experts with extensive experience and research in terahertz and related industries.
Donald Arnon, CEO, said, “The KOSDAQ listing will be a turning point for Terraview to leap forward as a high-precision inspection equipment and solutions company,” and added, “We plan to actively pursue technology expansion in the Asian market, especially the Korean market, and strengthen global partnerships.”
Through this listing, Terraview will offer a total of 5 million KDRs (Korea Depositary Shares), with a target offering price of KRW 7,000 to 8,000. Demand forecasting will be conducted from November 13th to 19th, and general subscriptions will be available from November 24th to 25th. Samsung Securities is the lead underwriter.
The company plans to use the funds raised through the IPO to ▲expand technology support and sales activities targeting overseas customers ▲invest in research and development to develop new products and improve the performance of existing products.
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