Urbanbase Selected Hana Financial Investment as Lead Underwriter for IPO

Pursuing KOSDAQ Technical Special Listing, Accelerating Platform Expansion and Global Advancement Post-Listing

Urbanbase CI.

[Asia Economy Reporter Kim Jong-hwa] Urbanbase Co., Ltd. is preparing for a KOSDAQ technology special listing. On the 19th, Urbanbase announced that it had selected Hana Financial Investment, which has expertise and know-how specialized in technology special listings, including recently successfully listing metaverse technology companies, as the lead underwriter for its initial public offering (IPO).

Founded in 2014, Urbanbase is a 3D spatial data specialist company that possesses modeling technology that automatically converts 2D drawings into 3D, as well as core metaverse technologies such as virtual reality (VR) and augmented reality (AR).

Urbanbase's business areas include an integrated interior platform called 'Urbanbase,' which can solve everything from 3D interior simulation to actual interior construction services on a single platform. It also offers SaaS and API/SDK forms of B2B services that can be selected and used according to the adoption environment, ranging from corporate clients such as Shinsegae Casa, Ilum, and Ace Bed to one-person companies and small and medium-sized enterprises.

Recognized for its marketability and technological prowess, Urbanbase has been leading the digital transformation of the Japanese interior industry by providing services to Nitori, Japan's number one furniture company, since 2019, and plans to actively pursue overseas expansion in the future.

Hajinwoo, CEO of Urbanbase, said, "The rapid change in people's perception and value of space after COVID-19 is both the greatest opportunity and challenge for Urbanbase, which aims to innovate all areas related to space," adding, "For Urbanbase, the listing will lead a paradigm innovation that provides new value for space in line with the metaverse era that has come closer to our daily lives."

Meanwhile, Urbanbase has attracted a total investment of 23 billion KRW to date. In the last investment round, it successfully secured strategic investment from Hanwha Hotels & Resorts, Korea's number one hospitality company, and is conducting a project to create a metaverse ecosystem that seamlessly crosses online and offline by utilizing the core technologies and resources of both companies.