The A.I. Daily
Korean AI Chip Firms Slow Listings as Furiosa AI Valued at About ₩3T
Korean AI chip firms are slowing IPO plans amid global "AI peak" doubts and a weak stock market. Furiosa AI raised over ₩850B in pre-IPO funding, including ₩370B from the National Growth Fund, at a roughly ₩3T valuation; DeepX plans a ₩350B pre-IPO (Series D) next month. ELRIS fell 32.04% below its IPO price on its KOSDAQ debut, highlighting the valuation gap.