Corporate Logo(source: aluxonline.com)
Alux, an edutech company specializing in robots and drones, held an IPO press conference in Yeouido on the 18th, where it outlined its business strategy and ambitions following the listing. Alux CEO Lee Chi-heon expressed his vision, stating, "We aim to become a global top-tier drone company."
Founded in 2015, Alux specializes in drone and robotics edtech. The company highlighted its technological capabilities in drone flight control, sensor fusion technology—combining various sensors to provide precise positioning—and body design, all of which have been recognized in global markets.
Leveraging its technological edge in lightweight drones, Alux plans to secure global supply channels and expand its business into various sectors, including sports, entertainment, reconnaissance, and defense, through the development of integrated control and vision technologies.
Alux has established local subsidiaries in the U.S., Japan, and China after entering international markets and is actively selling drone and robotics products.
Last year, the company reported revenue of 54.8 billion won and an operating profit of 5 billion won. For the first half of this year, it posted revenue of 23.9 billion won and an operating profit of 2.2 billion won.
CEO Lee emphasized, "Alux is a specialized drone company that has diversified its business based on a stable edtech industry foundation. We aim to grow into a company that realizes both growth and profitability by aggressively expanding into global markets based on our domestic success."
The proceeds from the IPO will be used to secure technology early, pursue mergers and acquisitions(M&A) to expand into new businesses, explore overseas markets, and enhance production facilities.
Alux is offering 1.5 million shares in the IPO, with the expected price per share ranging from 11,500 to 13,500 won. The total expected proceeds are between 17.25 billion and 20.25 billion won.
The company conducted an institutional demand forecast through the previous day. After finalizing the offer price, Alux will hold public subscriptions for general investors on October 23-24, with plans to debut on the KOSDAQ market on November 1. Korea Investment & Securities is the lead underwriter.
Corporate Logo(source: aluxonline.com)
Alux, an edutech company specializing in robots and drones, held an IPO press conference in Yeouido on the 18th, where it outlined its business strategy and ambitions following the listing. Alux CEO Lee Chi-heon expressed his vision, stating, "We aim to become a global top-tier drone company."
Founded in 2015, Alux specializes in drone and robotics edtech. The company highlighted its technological capabilities in drone flight control, sensor fusion technology—combining various sensors to provide precise positioning—and body design, all of which have been recognized in global markets.
Leveraging its technological edge in lightweight drones, Alux plans to secure global supply channels and expand its business into various sectors, including sports, entertainment, reconnaissance, and defense, through the development of integrated control and vision technologies.
Alux has established local subsidiaries in the U.S., Japan, and China after entering international markets and is actively selling drone and robotics products.
Last year, the company reported revenue of 54.8 billion won and an operating profit of 5 billion won. For the first half of this year, it posted revenue of 23.9 billion won and an operating profit of 2.2 billion won.
CEO Lee emphasized, "Alux is a specialized drone company that has diversified its business based on a stable edtech industry foundation. We aim to grow into a company that realizes both growth and profitability by aggressively expanding into global markets based on our domestic success."
The proceeds from the IPO will be used to secure technology early, pursue mergers and acquisitions(M&A) to expand into new businesses, explore overseas markets, and enhance production facilities.
Alux is offering 1.5 million shares in the IPO, with the expected price per share ranging from 11,500 to 13,500 won. The total expected proceeds are between 17.25 billion and 20.25 billion won.
The company conducted an institutional demand forecast through the previous day. After finalizing the offer price, Alux will hold public subscriptions for general investors on October 23-24, with plans to debut on the KOSDAQ market on November 1. Korea Investment & Securities is the lead underwriter.