Alice Group to List on KOSDAQ Next Month: "Aiming to Become a Global AI Infrastructure Leader"

Alice Group, which is set to be listed on KOSDAQ next month, announced that it plans to use the funds secured through its IPO for entry into the global artificial intelligence (AI) infrastructure market and for the expansion of its AI data centers (AIDC).

Kim Jaewon, CEO of Alice Group, said at the IPO press conference on the 30th, “Based on our AI full-stack capabilities encompassing everything from AI infrastructure to cloud and solutions, we will lead the global neo-cloud market.”

Kim Jaewon, CEO of Elis Group, is speaking at the IPO press conference held in Yeongdeungpo-gu, Seoul on the morning of the 30th. Photo by Lee Myunghwan

Alice Group was founded in 2015, primarily by AI researchers from the Korea Advanced Institute of Science and Technology (KAIST). Although it initially started as an educational platform, the company is now expanding its business with the aim of becoming an AI full-stack enterprise. Key competitive advantages highlighted by Alice Group include rapid infrastructure construction capabilities based on prefabricated modular data centers (PMDC), and operational efficiency driven by proprietary software solutions.

PMDC refers to a method of constructing AI infrastructure in which essential components such as graphics processing units (GPUs), servers, electrical systems, and cooling facilities are modularized and pre-manufactured before on-site installation. CEO Kim explained, “With our AI PMDC, we can reduce the infrastructure construction period—which used to take two to three years—to within three months, and lower initial infrastructure build-out costs (TCO) by up to 40%.” He added that by applying the company’s proprietary AI cloud optimization solution, ECI (Elice Cloud Infrastructure), computational efficiency for large-scale GPU clusters has been enhanced.

CEO Kim also stated, “Alice Group was the first domestic company to receive the Cloud Security Assurance Program (CSAP) certification for PMDC, and we provide secure, closed-network AI infrastructure to our clients.” After establishing a business foundation in the public sector, the company plans to expand into finance and defense industries as well.

In the first half of this year, Alice Group reported consolidated revenue of 34.4 billion won and operating profit of 10.3 billion won. CEO Kim emphasized, “With the funds raised through the IPO, we will expand our edge AIDC in each region and accelerate the export of tailored AI PMDCs and AI computational resources to the global market.”

The number of shares offered in the IPO totals 2,222,000. The desired price range for the public offering is between 70,400 won and 90,500 won per share. The total amount expected to be raised through the IPO is between 156.4 billion and 201.1 billion won, with an expected post-listing market capitalization of between 782.1 billion and 1.054 trillion won. Demand forecasting will take place from today until October 1, with general subscription scheduled for October 7-8. The company is expected to be listed on KOSDAQ in October. Mirae Asset Securities is the lead underwriter, and Samsung Securities is the co-underwriter.

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