[Asia Economy Reporter Hyungsoo Park] Pintel, a high-resolution artificial intelligence (AI) video analysis company, announced on the 7th that it has set its public offering price at 8,900 KRW.
Pintel conducted a demand forecast for institutional investors over two days from the 4th to the 5th. A total of 642 domestic and international companies participated, recording a competition rate of 559 to 1. Among all participating institutions, 590 institutions, accounting for 91.9%, offered prices at or above the upper limit of the desired public offering price range.
With Pintel's final public offering price confirmed at 8,900 KRW, the total public offering amount is expected to be 17.8 billion KRW, and the market capitalization based on the public offering price will be 88.6 billion KRW.
A representative from Daishin Securities, the lead underwriter, stated, "Pintel possesses high-resolution video analysis technology, one of the core technologies related to the smart city industry," and added, "It seems that the market highly values the company's business preemption effect."
Pintel CEO Dongki Kim explained, "Since 2018, the annual average growth rate has exceeded 100%," and added, "We aim to turn profitable next year." He further stated, "Along with expanding our scale, we will achieve meaningful performance and leap forward as a strong AI video analysis company."
Founded in 2015, Pintel is an AI company that possesses high-resolution video analysis technology. Because it analyzes high-resolution videos in their original form without image degradation, it can accurately analyze videos of distant small objects. Pintel's public subscription for general investors will be held over two days from the 11th to the 12th.
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