Seas Technology, Approximately 4 Trillion Won in Subscription Deposits for IPO Shares

Seers Technology, a specialized company in wearable medical devices and medical AI-based diagnostic and monitoring solutions, announced on the 11th that it recorded a competition rate of 1,436.96 to 1 by conducting a public offering subscription for general investors over two days starting from the 10th. The subscription deposit amounted to approximately 3.9696 trillion KRW.

Seers confirmed the public offering price at 17,000 KRW, exceeding the upper limit of the expected price range, during the demand forecast conducted over five days from May 27 to 31.

Seers plans to use the raised funds for global market expansion, operational funds for advancing diagnostic and monitoring solutions, and research and development expenses.

Lee Young-shin, CEO of Seers, stated, "Even after listing, we plan to repay the trust given to us through research and development, external growth, and profitability improvement."

Seers will be listed on the KOSDAQ market on the 19th. The lead underwriter is Korea Investment & Securities.