Ellis Group Submits Securities Registration Statement... "KOSDAQ Listing Accelerates"
Ellis Group submitted its securities registration statement for listing on KOSDAQ on August 21.
According to Ellis Group on August 24, the company plans to offer 2,222,000 shares in its initial public offering (IPO), with a proposed price range of KRW 70,400 to KRW 90,500 per share. The total amount to be raised is expected to range from KRW 156.4 billion to KRW 201.1 billion. The demand forecasting will take place from September 9 to September 15, and the general subscription will be held from September 18 to September 21. Mirae Asset Securities is the lead underwriter, while Samsung Securities serves as the co-lead underwriter.
Ellis Group possesses the capability to provide a full-stack AI solution based on its independently developed artificial intelligence (AI) cloud technology. The company's core business areas are largely divided into Artificial intelligence Transformation (AX) and AI Cloud. In the case of AX, the business includes ▲AX solutions tailored by industry ▲‘EllisLXP’, a platform for AI talent development across all age groups ▲and the ‘Helpy’ series for AI agent and enterprise AX solutions. For AI Cloud, offerings include ▲AI cloud infrastructure (AI PMDC, ECI) and ▲EllisAICloud, which enable efficient operation and utilization of large-scale GPU resources.
Going forward, Ellis Group intends to utilize the IPO proceeds to secure a significant technological lead in AI infrastructure and cloud technology. The company plans to increase new infrastructure investments in regional hubs within the Seoul metropolitan area and across the country, establish next-generation GPU-dedicated advanced infrastructure, and accelerate the export of global AI PMDC and overseas expansion of AX solutions through its subsidiaries in the United States, Singapore, and Japan.
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Jaewon Kim, CEO of Ellis Group, stated, “As a ‘full-stack AI partner’ encompassing everything from high-performance AI cloud to industry-specific AX solutions, we have entered a phase of full-fledged high growth based on our proactive infrastructure investments to date,” adding, “Through this KOSDAQ listing, we aim to solidify our dominance in sovereign AI infrastructure in Korea and leap forward as a unique leader in the global neo-cloud market.”
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