Lablup IPO 定價每股 19,000 韓圜，擬集資 414 億韓圜

Lablup, which is scheduled to list on the KOSDAQ market on Nov. 3, has set its initial public offering (IPO) price at 19,000 won per share, raising 41.4 billion won. According to the company, 1,129 institutional investors participated in the bookbuilding process from Oct. 13 to 19, generating a demand ratio of 284.53 to 1.

Major domestic asset managers and overseas institutional investors participated in the bookbuilding, with foreign institutions submitting orders for approximately 55.59 million shares, the company said. Lablup plans to use the IPO proceeds to advance research and development and expand its global business.

Lablup highlights its full-stack software capabilities built around its proprietary Backend.AI platform, covering the entire process from AI infrastructure resource management to model training, inference, deployment and service operations. Revenue in the first half of 2026 rose 58.2% from a year earlier to approximately 4.8 billion won, while operating profit reached about 600 million won.

The company emphasized that it has maintained positive operating cash flow since 2020. Its subscription-based business model generated a recurring revenue share of 94.7% and a net revenue retention (NRR) rate of 131.9% in 2025, which the company cited as evidence of a stable foundation for growth.