S2W Concludes IPO Bookbuilding and Public Offering Subscriptions with Strong Demand
S2W successfully concluded its bookbuilding (demand forecast) from the 2nd to the 8th and its public offering subscriptions over two days on the 10th and 11th.
The institutional bookbuilding drew approximately 1,145:1 competition. Nearly 100% of total bid volume (including price-undisclosed orders) indicated prices at or above the top of the range, KRW 13,200, signaling strong investor interest. S2W also comfortably met the priority allocation requirements tied to institutional investors’ lock-up commitments under the recent IPO reforms.
The public offering subscription continued the momentum, reaching roughly 1,973:1 competition, while subscription deposits exceeded KRW 5.14 trillion.
These outcomes reflected S2W’s multi-domain cross-analytics capabilities, steady overseas traction—including exports to Saudi Arabia and a long-term renewal with INTERPOL—and a resilient market position built on a SaaS-based recurring revenue model with around 96% customer retention.
S2W plans to deploy the proceeds to expand its global sales footprint and accelerate technology R&D, reinforcing profitability.
🔗 Read the full article: