Lee Chi-heon, CEO of ALUX [Provided by IFG Partners. Redistribution and database storage prohibited]
┃Public Subscription on October 23–24… Offering Amount Ranges from KRW 17.25 Billion to 20.25 Billion
(SEOUL = Yonhap News) Reporter Song Eun-kyung –
ALUX, currently preparing for its KOSDAQ listing, held an IPO press conference in Yeouido on the 18th and declared its ambition to “become a global top-tier drone company.”
Founded in 2015, ALUX is a specialized edutech company in drones and robotics. The company emphasized that it has proven its technological capabilities in the global market through its flight control systems for drones, sensor fusion technology for precise positioning, and airframe design expertise.
Building on its technological competitiveness in lightweight drones, ALUX plans to secure supply channels in the global market and expand its business into areas such as sports, entertainment, reconnaissance, and defense through the development of integrated control and vision-based technologies.
Since entering overseas markets, ALUX has established local subsidiaries and has focused on selling its drones and robotics products in the United States, Japan, and China.
Last year, the company recorded 54.8 billion KRW in revenue and 5 billion KRW in operating profit. For the first half of this year, it posted 23.9 billion KRW in revenue and 2.2 billion KRW in operating profit.
CEO Lee Chi-heon stated, “ALUX is a drone company that has diversified its business based on a stable edutech foundation. We aim to grow into a company that achieves both scalability and profitability by actively entering the global market from our strong domestic base.”
The funds raised through the IPO will be used for securing technology early, expanding new businesses through M&A, exploring overseas markets, and expanding production facilities.
ALUX plans to issue 1.5 million shares through the IPO, with an offering price range set between 11,500 KRW and 13,500 KRW per share, resulting in a total expected fundraising of between 17.25 billion KRW and 20.25 billion KRW.
The company conducted institutional demand forecasting through the previous day and will finalize the offering price before accepting general investor subscriptions from October 23 to 24. ALUX is scheduled to be listed on the KOSDAQ market on November 1. Korea Investment & Securities is the lead underwriter.
— Reporter Song Eun-kyung (norae@yna.co.kr)
[Source: https://www.yna.co.kr/view/AKR20241018092000008?input=1195m]
Lee Chi-heon, CEO of ALUX [Provided by IFG Partners. Redistribution and database storage prohibited]
┃Public Subscription on October 23–24… Offering Amount Ranges from KRW 17.25 Billion to 20.25 Billion
(SEOUL = Yonhap News) Reporter Song Eun-kyung –
ALUX, currently preparing for its KOSDAQ listing, held an IPO press conference in Yeouido on the 18th and declared its ambition to “become a global top-tier drone company.”
Founded in 2015, ALUX is a specialized edutech company in drones and robotics. The company emphasized that it has proven its technological capabilities in the global market through its flight control systems for drones, sensor fusion technology for precise positioning, and airframe design expertise.
Building on its technological competitiveness in lightweight drones, ALUX plans to secure supply channels in the global market and expand its business into areas such as sports, entertainment, reconnaissance, and defense through the development of integrated control and vision-based technologies.
Since entering overseas markets, ALUX has established local subsidiaries and has focused on selling its drones and robotics products in the United States, Japan, and China.
Last year, the company recorded 54.8 billion KRW in revenue and 5 billion KRW in operating profit. For the first half of this year, it posted 23.9 billion KRW in revenue and 2.2 billion KRW in operating profit.
CEO Lee Chi-heon stated, “ALUX is a drone company that has diversified its business based on a stable edutech foundation. We aim to grow into a company that achieves both scalability and profitability by actively entering the global market from our strong domestic base.”
The funds raised through the IPO will be used for securing technology early, expanding new businesses through M&A, exploring overseas markets, and expanding production facilities.
ALUX plans to issue 1.5 million shares through the IPO, with an offering price range set between 11,500 KRW and 13,500 KRW per share, resulting in a total expected fundraising of between 17.25 billion KRW and 20.25 billion KRW.
The company conducted institutional demand forecasting through the previous day and will finalize the offering price before accepting general investor subscriptions from October 23 to 24. ALUX is scheduled to be listed on the KOSDAQ market on November 1. Korea Investment & Securities is the lead underwriter.
— Reporter Song Eun-kyung (norae@yna.co.kr)
[Source: https://www.yna.co.kr/view/AKR20241018092000008?input=1195m]