Lablup sets Nov 3 KOSDAQ listing, targets 57.9B won revenue by 2029
Lablup outlined its post-IPO growth plan in Seoul, including hardware investment to test next-generation AI chips and products for neocloud operators.
AI infrastructure software company Lablup announced its post-listing growth strategy at an IPO press conference in Seoul on October 19, 2026, ahead of its KOSDAQ debut on November 3, according to digitaltoday.co.kr.
The company will hold a general subscription on October 22-23 at an offering price range of 19,000 to 22,000 won per share, for a total expected offering of 41.4 billion to 48 billion won. Expected market capitalization after listing is 276.3 billion to 320 billion won.
Lablup said it targets 57.9 billion won in revenue by 2029. Much of the IPO proceeds will go toward hardware for verifying compatibility with next-generation AI semiconductors.
On the customer side, Lablup has set 163 overseas neocloud operators as target customers and said it is in talks with a double-digit number of them. It also unveiled Continuum Suite, for distributing AI model requests and managing token usage and cost, and AI:GO, for running AI models locally on a PC. The company plans to expand into AI service operations through a Token Factory Suite.
Backend.AI as the base
Lablup was founded in 2015 and released its flagship Backend.AI software as open source in 2017, supplying a commercial version since 2019. Backend.AI supports more than 11 types of AI accelerators, including Nvidia, AMD and Intel GPUs and domestic NPUs, and Lablup supplies products to more than 120 AI infrastructure sites. Last year, consolidated revenue was 6.718 billion won with operating profit of 679 million won, its second consecutive year in the black, while recurring revenue accounted for 94.7% of total sales.
Quick answers
When will Lablup list on KOSDAQ?
Lablup is scheduled to list on the KOSDAQ market on November 3, 2026, after a general subscription on October 22-23.
What is Lablup's offering price range?
The offering price range is 19,000 to 22,000 won per share, for a total expected offering of 41.4 billion to 48 billion won.
What products did Lablup unveil?
Lablup unveiled Continuum Suite for AI model request distribution and token cost management, and AI:GO for running AI models locally on a PC, with a Token Factory Suite planned for AI service operations.