StradVision, an artificial intelligence (AI)-based autonomous driving software company, is currently conducting the second day of its public offering subscription for general investors, with the competition ratio surpassing 9 to 1 and reaching double digits. The number of investors who have participated in the subscription so far amounts to approximately 80,000.

KB Securities is the sole underwriter for this public offering. The offering price was finalized at 12,000 won, and the total number of shares allocated to general investors is 1.75 million. As of the morning, the number of shares for equal allocation was tallied at around 9.92 shares.

Focusing on Autonomous Driving and ADAS… Targeting Global Automakers StradVision is a company that develops AI-based image recognition software, with autonomous driving and Advanced Driver Assistance Systems (ADAS) as its core businesses. The company is conducting direct sales targeting global finished vehicle manufacturers (OEMs) and major parts suppliers (Tier-1), primarily through its overseas subsidiaries. It is simultaneously pursuing direct contracts with OEMs as well as supply methods through Tier-1 companies.

Notably, the company has established a 'project-based business model' that goes beyond simple product sales. Revenue is generated through license sales during the customer's product evaluation phase and through engineering service sales during the development phase. Subsequently, in the mass production phase, a stable revenue structure is in place that generates running royalty revenue linked to production volume.

Listing at Stake Amid Market Growth Prospects… Joining KOSDAQ on the 30th The industry predicts that demand for automotive AI software will continue to increase as the autonomous driving and ADAS markets expand. Accordingly, StradVision is evaluated to be accelerating its market penetration based on its project experience and technological capabilities with global OEMs.

Meanwhile, StradVision's previously conducted demand forecast recorded a competition ratio of 381.30 to 1, with a lock-up commitment ratio of 1.69%. StradVision is scheduled to be listed on the 30th.

[※ This article was written with AI assistance. Investment decisions are the responsibility of the investor, and the content included in this article may change depending on market conditions.]