Intellivix secures 20.9 trillion won in IPO demand

AI video analysis specialist Intellivix has confirmed an offering price of 9,000 won following a highly successful demand forecast for its KOSDAQ listing. During the institutional investor demand forecast held from the 12th to the 16th, the company recorded a competition ratio of 1,234.3 to 1, attracting approximately 20.86 trillion won in total orders from 2,357 institutional applicants.

The company plans to raise 22.5 billion won through the issuance of 2.5 million new shares. These funds are earmarked for advancing AI technology, developing new products, and expanding both domestic and international operations. Key focus areas include the commercialization of the VIXallcam special AI camera sensor and the VIXsearch natural language-based video search solution.

Intellivix, which has maintained profitability for 13 consecutive years, provides AI solutions for public safety, industrial safety, disaster response, and traffic management. Its product lineup includes GenAMS, a generative AI-based integrated safety operation platform, and VIXA, a Vision-Language Model (VLM) based AI agent. The company intends to expand its reach into the defense and robotics sectors while targeting markets in Japan and Southeast Asia.