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Market Chatter: Superb AI Speeds Up South Korea IPO Efforts

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Vision AI startup Superb AI is speeding up the groundwork for a technology special listing in South Korea, News1 reported on Tuesday.

The company has selected Mirae Asset Securities as the lead underwriter for the IPO, according to the local news outlet.

The startup has gathered total investments worth 63 billion won, including about 30 billion won to 35.5 billion won from local and U.S. investors by 2024 and a 14 billion won pre-IPO round last year, the report said.

Superb AI has grown its business by offering specialized solutions for manufacturing, logistics, and mobility sites through its computer vision AI that reads and identifies visual data, the report cited industry sources as saying.

Superb AI and Mirae Asset Securities did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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