SimPlatform Starts Demand Forecasting... Scheduled for KOSDAQ Listing Next Month

Simplatform, an industrial AIoT platform company, announced that it will conduct a demand forecast for institutional investors over five business days from the 27th to March 6th ahead of its KOSDAQ listing.

Founded in 2011, Simplatform is a specialized company that efficiently collects, analyzes, and utilizes industrial data based on ‘AIoT’ technology, which combines artificial intelligence (AI) and the Internet of Things (IoT). It primarily offers ‘All-In-One’ AIoT products that collect data from various devices in industrial sites and maximize operational efficiency through AI-based analysis.

Simplatform’s demand forecast for institutional investors will be conducted from today until March 6th, followed by a general subscription over two days on March 11th and 12th, with plans to list on the KOSDAQ market in March. The lead underwriter is KB Securities, and a total of 920,000 shares will be offered. The desired public offering price is between 13,000 and 15,000 KRW per share, and the funds raised through the offering will be used for ▲ AIoT technology advancement ▲ additional R&D investment ▲ industrial expansion.

Simplatform recorded sales of 7.2 billion KRW last year, reaching the break-even point (BEP) and demonstrating rapid growth. It currently secures clients across various industries such as semiconductors, medical, sports, and agriculture, with major clients including DB HiTek, Park Systems, and Poongwon Precision. These companies are supported in process anomaly detection and product defect inspection.

Recently, Simplatform has expanded the application scope of its AIoT platform to companies such as S&S Tech, Gangnam Severance Hospital, and the Livestock Products Quality Evaluation Institute, proving its technological capability and scalability. Ahead of its KOSDAQ listing next month, Simplatform plans to continuously expand its client base through accurate market information provision and active industrial expansion after listing.

Lim Dae-geun, CEO of Simplatform, stated, “This IPO is an important process to showcase Simplatform’s core technological capabilities and growth potential to investors,” adding, “We will lead a successful IPO based on trust with investors.”