Intellivix Seeks KOSDAQ Listing With 2.5 Million Share IPO

Intellivix, a Korean safety AI company, announced it is pursuing a general listing on KOSDAQ through a public offering of 2.5 million new shares at a hoped-for price of 7,600 to 9,000 won, targeting a debut on the 30th, according to datanet.co.kr.

The offering is expected to raise between 19 billion won and 22.5 billion won, with Mirae Asset Securities acting as lead underwriter. Institutional demand forecasting runs from October 12 to 16, and retail subscriptions are scheduled for October 21 and 22. The expected post-listing market capitalization is 86.1 billion to 102 billion won.

Of the 11,335,408 shares to be listed, 76.05% are subject to lock-up, leaving 2,715,067 shares, or 23.95%, tradable immediately; the 2.5 million new offering shares form the bulk of that float. Shares held by four core shareholders, including the largest shareholder and the CEO, totaling 6,814,850 shares (60.12%), are restricted from sale for 36 months from listing.

Proceeds will go in full to the company for AI core technology advancement, new business expansion, R&D and operating funds. Intellivix says it will expand into defense AI, physical AI and natural-language video search as new growth areas.

Products and Track Record

Intellivix was founded in 2000 and has commercialized video-analysis AI technology. It has posted operating profit in the black for 13 consecutive years, with revenue rising from 18.3 billion won in 2023 to 34 billion won in 2024 to 46.6 billion won in 2025. Last year's operating profit was 4.9 billion won and net profit 5.4 billion won, an operating margin of 10.5%. Accumulated retained earnings stand at 16.4 billion won.

Its technology is supplied to local government and public institution safety control networks and to industrial sites of major Korean companies. The company's product line includes the VIX2.0 AI engine, the VIXA autonomous judgment AI agent, the GenAMS integrated safety control platform, the VIXallcam all-weather AI camera for defense, which won a CES 2026 Innovation Award, the ARGOS quadruped patrol robot, and the VIXsearch natural-language video search solution. Intellivix also has a record of being selected as a defense innovation company.