Daejeon Metropolitan City has stepped forward to support the successful Initial Public Offering (IPO) of promising local small and medium-sized enterprises (SMEs) and venture companies. On April 22nd, the city, together with the Daejeon Technopark (Daejeon TP) and KAIST, held an orientation for the ‘7th Regional Company Listing Support (IPO & Scale-up) Program’ and officially began providing customized listing support for the 19 selected companies.

This orientation was organized to mark the full-scale commencement of the program and to share the support details, detailed schedule, and a roadmap for the IPO preparation process with the participating companies. The event was attended by the CEOs of the 19 finally selected companies, as well as related experts from the Korea Exchange Daejeon Innovation Center and IPO professional consultants, who celebrated the program's strong start together.

The 19 selected companies include promising firms in various fields such as AI, semiconductors, secondary batteries, and robotics. Key companies include ▲BlueTile Lab, ▲Ubattery, and ▲Twinny, which will now embark on IPO preparation through systematic planning.

The ‘Regional Company Listing Support Program’ aims to discover local SMEs and venture companies with outstanding technological capabilities and growth potential but facing difficulties in pursuing IPOs, and to support their scale-up through access to the capital market.

Currently, Daejeon is home to 65 listed companies, including Alteogen, the number one company in KOSDAQ market capitalization. Since the inauguration of the 8th popularly elected mayor, a total of 17 companies have been listed, and four companies that completed the program, including Orum Therapeutics and Erucos, have successfully gone public, establishing the program as a gateway for listing innovative local venture companies.

The selected companies will receive systematic and intensive support for 16 weeks, including ▲customized IPO strategy development and consulting, ▲strengthening IR (Investor Relations) capabilities, ▲analysis of industry and listing trends, and ▲expert mentoring.

Choi Won-hyeok, Director-General of the Daejeon Metropolitan City's Business Support Bureau, emphasized, "We will continue to develop this program into a substantial one so that companies with high growth potential that will lead Daejeon's future can realize their IPO dreams. We will enhance the value of local companies and create an innovative ecosystem where companies can grow freely in Daejeon."

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