Demand Forecast Competition Rate Hits 1,117.74 to 1... Strong Response in Public Subscription
Differentiation with TGV Inspection Technology... Accelerating Entry into the AI Semiconductor Market
PII, which is set to be listed on KOSDAQ on the 4th, is attracting investors' attention by successfully drawing public interest. PII recorded a high competition rate in the demand forecast with its differentiated AI semiconductor glass substrate inspection technology.
According to the financial investment industry on the 3rd, PII achieved a high competition rate of 1117.74 to 1 in the demand forecast for institutional investors on the 14th of last month, confirming the public offering price at the upper end of the price band. Subsequently, it also achieved a competition rate of 83 to 1 in the general subscription, confirming a strong market response.
PII is a specialized company in AI-based vision solutions and smart factory solutions tailored to the secondary battery industry. In particular, in this public offering, it emphasized new growth engines by prominently presenting the AI semiconductor glass substrate (TGV) inspection solution, receiving high expectations in both the demand forecast and subscription markets.
Choi Jeong-il, CEO of PII, emphasized its proprietary technology through a demonstration of the TGV inspection solution during the IR for institutions. This technology combines non-destructive CT inspection technology with an AI-based analysis system to precisely verify the quality of glass substrates. It is especially evaluated as securing competitiveness within the industry by being capable of inspecting even the microstructure of glass substrates, which are core materials for AI semiconductors.
In the AI semiconductor industry, glass substrates are recognized as essential materials. Recently, as the stock prices of related companies such as SKC, Chemtronics, and Philoptics continue to rise, PII is attracting market interest alongside these thematic stocks. The growth potential of this market has been further highlighted as SK Group announced it will actively supply glass substrates in cooperation with global IT companies like NVIDIA.
PII is expanding its business with AI semiconductor and HBM (High Bandwidth Memory) inspection solutions while maintaining stable sales based on its existing secondary battery industry foundation. Samsung Securities, the lead underwriter for the listing, evaluated, "Initially, the sales structure centered on secondary batteries was pointed out as a limitation, but with the confirmation of new growth engines such as AI semiconductor and HBM inspection solutions, interest from investment institutions has increased."
Based on this technological capability and business expansion strategy, PII aims for more than 20% sales growth this year. PII stated, "Despite concerns about the slowdown in the secondary battery market growth, the AI semiconductor and HBM-related businesses will drive growth," expressing confidence in continuous sales increases.
It added, "Leveraging this KOSDAQ market listing as a stepping stone, we will meet the demands of upstream industries through AI software solution technology and establish ourselves as a key company in the AI semiconductor and glass substrate markets."
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