Upstage Hires KB Securities, Mirae for Potential Korea IPO
Photo by Ciaran O'Brien on Unsplash
Upstage, a South Korean AI startup, has chosen KB Securities and Mirae Asset Securities to manage its IPO, which it hopes to launch between the latter half of 2026 and the first half of 2027. Upstage has received roughly $157 million in funding from investors like Korea Development Bank and Amazon, and may be the first post-ChatGPT generative AI startup in South Korea to go public.
Key takeaways
- South Korean AI startup Upstage has selected KB Securities Co
- and Mirae Asset Securities Co
- to lead its initial public offering (IPO), according to a Bloomberg report
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