Ellis Group Pushes Toward KOSDAQ Listing to Expand AI Infrastructure and AX Businesses
TECHWORLD ·
✦ AI Summary
Ellis Group, founded in 2015, has built AI PMDC, ECI, Elice AI Cloud, Elice LXP, and Helpy around AI cloud and AX.
The company is expanding into public-sector and highly secure markets with AI PMDC and ECI, and provides CSAP IaaS certification as well as on-premises and hybrid AI infrastructure.
Ellis Group is pushing ahead with a KOSDAQ listing, with 2,222,000 shares on offer and a desired offering price of KRW 70,400 to KRW 90,500.
Since its founding in 2015, Ellis Group has expanded its business areas around AI cloud and AX. In the process, the company has built a portfolio of related products and solutions, including the modular AI data center "AI PMDC," cloud infrastructure software "ECI (Elice Cloud Infrastructure)," "Elice AI Cloud," industry-specific AX solutions, the AI education platform "Elice LXP," and the AI agent "Helpy (Helpy)."
Ellis Group’s core structure is to provide everything directly, from infrastructure deployment to operating software. Its main business, AI PMDC, has a function that modularizes the data center deployment process, helping shorten the deployment period.
The company’s self-developed ECI improves the operational efficiency of large-scale GPU clusters. Based on this, Ellis Group is pushing ahead with a KOSDAQ listing.
Ellis Group said it is pursuing a listing to expand its AI infrastructure and AX businesses, and held a press conference on September 30 at CCMM in Yeouido, Seoul. At the event, the company disclosed its direction for further growing its AI infrastructure and AX businesses through a KOSDAQ listing, along with its post-listing growth strategy and global business plans.
Ellis Group is expanding into the public sector and highly secure markets by highlighting the strengths of AI PMDC and ECI in deployment period, cost, and resource efficiency. AI PMDC can shorten data center deployment time from 24 to 36 months to within 3 months, and can also cut initial infrastructure deployment costs by as much as 40%. ECI is designed to make efficient use of GPU computing resources, with virtualization overhead engineered to remain below 1%. The company is linking these infrastructure capabilities to its push into the public sector and highly secure markets.
On this basis, Ellis Group has secured CSAP IaaS certification for cloud services based on AI PMDC and ECI. It also provides on-premises and hybrid AI infrastructure in fully closed internal networks for client companies.
Looking ahead, Ellis Group plans to expand its scope of application into highly secure markets such as finance and defense, based on public-sector orders. It also intends to strengthen its business structure by simultaneously providing infrastructure and operating software in response to demand for sovereign AI.
Amid this expansion stance, performance has also shown growth this year. Ellis Group’s consolidated revenue for the first half of this year came to KRW 34.4 billion, and operating profit was KRW 10.3 billion. First-half revenue accounted for 87% of last year’s full-year revenue, and EBITDA stood at KRW 23.2 billion.
After the listing, Ellis Group plans to use the funds it secures to expand regional edge AI data centers (AIDC) and broaden its overseas business. AIDC deployment will be pursued primarily in non-capital regions where power intake can be secured. Overseas business expansion will be carried out through subsidiaries in the U.S., Japan, and Singapore.
The company plans to expand AI PMDC and AI computing resource supply overseas. Kim Jae-won, CEO of Ellis Group, said that the sharp rise in global demand for AI computing has increased the importance of data center deployment speed and operational efficiency. He added that through the listing, the company will pursue the expansion of regional edge AIDC and push ahead with broader supply of AI PMDC and computing resources tailored to each country’s power and regulatory environment.
Ellis Group’s public offering consists of 2,222,000 shares, all of which are new shares. The desired offering price is KRW 70,400 to KRW 90,500, and the expected total offering size is KRW 156.4 billion to KRW 201.1 billion.
The demand forecast schedule is from the 23rd of last month to the 1st, and the general subscription schedule is from the 7th to the 8th. The target time for the KOSDAQ listing is sometime this month. Mirae Asset Securities is the lead underwriter, and Samsung Securities is the co-underwriter.
Source: TECHWORLD · Kim Seung-gi
Original: https://www.epnc.co.kr/news/articleView.html?idxno=407683
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Source: TECHWORLD
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