SC Solution Global is preparing for an initial public offering (IPO) with the goal of a technology-specific listing.
The company recently announced that it received an "A" grade in a preliminary technology evaluation conducted by a professional evaluation agency. Based on these results, the company has finalized the process of selecting an underwriter and is currently developing a detailed plan for its initial public offering (IPO).
SC Solution Global has established a solid business foundation by securing stable sales in the B2G market, primarily with public institutions and local governments. Leveraging its accumulated technological prowess and business experience, the company has recently expanded its business scope into the B2B sector targeting private companies, thereby diversifying its revenue stream.
The company is also accelerating its expansion into overseas markets. It is expanding local partnerships and increasing its solution offerings, focusing on Southeast Asian countries like Indonesia and Malaysia. The company explains that in a global environment where demand for smart city development and industrial safety management is increasing, it is strengthening its competitiveness through its algorithm-based technology.
A company official said, “Building on the trust we’ve built in the public market, we’re seeing results in the private sector and in overseas markets as well,” and added, “We plan to work with the lead underwriter to systematically conduct the IPO process and strengthen our global technological competitiveness through a KOSDAQ listing.”
Meanwhile, with the recent increase in demand for smart cities and aging water supply management, competition among related technology companies in the AI-based water network management and leak detection solution market is also intensifying.
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