Stradvision Holds IPO Press Conference… Announces Growth Strategy After KOSDAQ Listing

*This content was translated by AI.

Stradvision held an initial public offering (IPO) press conference at Seoul Yeouido on the 12th, announcing its growth strategy following its KOSDAQ listing.

To facilitate this listing, Stradvision is offering 7 million shares. The desired offering price per share has been set between 12,000 won and 14,000 won, with a total offering amount ranging from 84 billion won to 98 billion won. Demand forecasting for institutional investors will be conducted from June 9 to 15 to finalize the offering price, followed by a housing subscription for general investors on the 18th and 19th. KB Securities is serving as the lead underwriter.

Stradvision's IPO press conference was held modestly at a location in Yeouido. Kim Jun-hwan (CEO) personally presented the company introduction and outlined future development directions. While the company currently shows a deficit financial structure, it emphasized that once Svnet is mounted on Yangsan vehicles and licensing revenue surpasses current development revenue, ideal profits will be achieved. In particular, Stradvision argued that since the entire development process will be applied to Yangsan vehicles, licensing revenue will be secured significantly in the near future.

Stradvision also stated that while the autonomous vehicle parts market is currently heavily concentrated on MobileEye, major manufacturers are seeking other partners, and Stradvision has received positive responses in various evaluations to address this. Furthermore, considering the company's unique development advantages in the current autonomous vehicle parts market—high efficiency, lightweighting, and versatility—it is expected to have high future growth potential.

Some observers express concern over the company's revenue concentration on Aptiv and the board structure dominated by two members. However, Stradvision added that while Aptiv revenue is indeed significant and two board seats are currently held, cooperation with other manufacturers and revenue diversification effects are gradually increasing, and the two-member board share structure will also be gradually replaced.

Kim Jun-hwan stated, "Stradvision has validated its technology and business viability by executing multiple Yangsan projects alongside various global automakers and tier-1 suppliers based on its proprietary vision artificial intelligence technology." He added, "As the importance of vision AI technology grows alongside the expansion of the ADAS and autonomous driving markets, we will accelerate technology advancement and commercialization through this listing to leapfrog as a global leading company."

Stradvision Kim Jun-hwan (CEO) concluded that the funds raised through the listing will be invested in securing R&D personnel for next-generation ADAS and autonomous driving technology advancement, strengthening sales networks to expand global customers, and upgrading data and software platforms to enhance vision AI technology competitiveness.

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*This content was translated by AI.