Ryuten Begins IPO Preparations... "Underwriter to Be Selected This Month"

RFP Sent for IPO Underwriter Selection

AI service platform company RYUTEN Technologies has begun preparations for its initial public offering (IPO).

RYUTEN announced on the 2nd that it recently sent a request for proposal (RFP) to major domestic securities firms to select an IPO underwriter. Targeting a listing after next year, the company plans to choose an underwriter and finalize related details within this month.

RYUTEN has secured a Series C investment worth 100 billion won, having recently been recognized as the first startup in the domestic AI services sector to achieve a valuation exceeding 1 trillion won, driven by sales growth in international markets such as North America.

RYUTEN's AI entertainment content platform "OCC" in the North American region continues its strong growth, surpassing a monthly revenue of 10 billion won.

To fulfill its social responsibility as its AI business grows and to enhance the safety of AI utilization, RYUTEN is preparing to implement a strengthened youth protection policy, with detailed plans to be announced later this month.

RYUTEN CEO Lee Seyoung said, "Based on trust in the capital market, we will strive for even greater growth on the global stage and ensure that our users have access to safe and reliable AI services."

This content was produced with the assistance of AI translation services.