GenON discloses KOSDAQ IPO terms: 2.2M new shares at 9,700–12,200 won, raising up to 26.8B won (report)

What happened

According to a Bloter report, GenON filed a securities registration statement with Korea's Financial Services Commission on the 7th. The filing came a month after the company won preliminary listing approval from the Korea Exchange in September, and it is pursuing a standard listing rather than a technology-special listing. Samsung Securities is the lead underwriter. The offering consists of 2.2 million shares, all newly issued, with no sale of existing shares. The indicative price range is 9,700–12,200 won, and the company plans to raise up to 26.8 billion won to expand its AI infrastructure and invest in new businesses such as physical AI.

Why it matters

Following the October 8 news of the registration filing, the offering size, price range and use of proceeds are now specified. It is a case of a Korean generative AI solutions company seeking a market valuation through a standard listing rather than the technology-special track.

Sources

• Press 제논, 코스닥 상장 공모 돌입…최대 268억 조달 Bloter

Story thread

1. 2026-10-08 Generative AI solutions company GenON files registration statement, begins public offering for regular KOSDAQ listing (report)
2. 2026-10-11 GenON discloses KOSDAQ IPO terms: 2.2M new shares at 9,700–12,200 won, raising up to 26.8B won (report)

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  Generative AI solutions company GenON files registration statement, begins public offering for regular KOSDAQ listing (report)

  According to AI Times Korea (인공지능신문), generative AI solutions company GenON said on the 8th that it had filed a securities registration...