Wrtn Accelerates Listing Plans, Selects IPO Managers

[Financial News] Wrtn Technologies, an artificial intelligence (AI) services platform company, is accelerating preparations for its listing after selecting Mirae Asset Securities as its lead IPO manager and NH Investment & Securities as its joint manager.
According to industry sources on the 23rd, Wrtn is aiming to file for a preliminary review next year and plans to coordinate the details with the managers going forward.
After attracting KRW 100 billion in Series C funding last August, Wrtn became the first company in Korea's AI services sector to receive a valuation of more than KRW 1 trillion. Wrtn officially announced the launch of its IPO earlier this month and has since been working to select its managers.
Kim Jin-tae, head of the IPO division at Mirae Asset Securities, said, "Wrtn has demonstrated unrivaled market competitiveness through explosive growth in the AI services sector. As the company has consistently shown a J-curve growth trajectory, we will do our utmost to ensure a successful listing."
Wrtn CEO Seyoung Lee stated, "Our global services are driving overseas sales above domestic sales and proving Wrtn's competitiveness on the world stage. Through a capital-market listing, we will make an even greater leap forward—from Korea's leading AI startup to a global AI company."

[email protected] Jang Min-kwon Reporter