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Upstage Hires KB Securities, Mirae for Potential Korea IPO

Summary generated with AI, editor-reviewed
Heartspace News Desk
Source: Bloomberg.com
TL;DR

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
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. The company aims to launch its IPO as early as the second half of 2026, with a target completion date no later than the first half of 2027. If successful, Upstage would be the first post-ChatGPT generative AI startup in South Korea to debut on the public market. To date, Upstage has secured approximately $157 million in funding from investors, including Korea Development Bank, Amazon.com Inc., Advanced Micro Devices Inc., and SBVA.

Related Topics

UpstageIPOKB SecuritiesMirae Asset SecuritiesSouth KoreaAIinvestment banking

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