Upstage has entered a crucial new phase by selecting KB Securities and Mirae Asset Securities to lead its preparation for an initial public offering in Korea. This move marks one of the most significant steps for the Seoul based artificial intelligence company as it aims to become the first major generative AI startup from Korea to go public in the post ChatGPT era. The IPO is expected to take shape in 2026 with a listing likely by mid 2027.
Founded in 2020, Upstage has built strong credibility in the AI industry through its Solar language model and enterprise solutions for document understanding and automation. The company has steadily expanded its presence across sectors and secured notable clients who rely on its AI capabilities for efficiency and accuracy. With its rapid development and growing recognition, the company has attracted substantial investment, including a successful Series B round that increased its total funding and strengthened its global ambitions.
The decision to work with KB Securities and Mirae Asset Securities reflects the company’s confidence in both its technology and its business outlook. It also highlights the increasing appetite among Korean investors for advanced AI innovations that offer practical value in day to day operations. Market watchers believe that Upstage’s public listing could open the door for more AI driven companies in Asia to consider the public route, setting the stage for a new wave of technology offerings.
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