[Featured Stock] SOS Lab Surges Over 60% on First Day of KOSDAQ Listing

SOS Lab's stock price has risen more than 60% on its first day of trading on the KOSDAQ.

As of 9:16 a.m. on the 25th, SOS Lab was trading at 18,780 KRW, up 7,280 KRW (63.30%) from the public offering price of 11,500 KRW.

SOS Lab set its public offering price at 11,500 KRW, exceeding the upper limit of the expected price range (7,500?9,000 KRW) based on the demand forecast results. The demand forecast competition rate was 1,072 to 1. A total of 2,216 domestic and international institutions participated, all of which submitted bids above the upper limit of the public offering price. The public subscription for general investors showed a competition rate of 2,166 to 1. The subscription deposit, which requires paying half of the order amount in advance, was approximately 6.2276 trillion KRW.

SOS Lab, established in 2016, is a lidar-specialized company. It was co-founded by CEO Jung and four doctoral students from Gwangju Institute of Science and Technology (GIST). SOS Lab possesses high technological capabilities, conducting not only product design but also solution development independently.

The main products include the 3D fixed-type lidar ‘ML (Mobility LiDAR)’ and the 2D lidar ‘GL (General LiDAR)’. The 3D fixed-type lidar is regarded as a game changer that can replace the camera-based autonomous driving system led by Tesla. Because it adopts a structure similar to a camera, it is compact, highly durable, and advantageous in price competitiveness. It has dramatically improved the problems of existing 3D lidars based on mechanical driving methods.

SOS Lab’s lidar is expanding its applications beyond autonomous driving systems to various fields such as semiconductor transport equipment, autonomous robots, industrial safety, and smart cities. The funds secured through the listing will be heavily invested in R&D advancement, including new product development and mass production preparation, to proactively respond to market changes. The company explained that it aims to dominate the autonomous driving lidar market, which is about to fully open, by leveraging its advanced technology.