Korean AI startup Wrtn has selected its IPO lead underwriter and plans to apply for pre-listing review next year.

TechFlow reported on September 23 that Wrtn Technologies, one of South Korea's fastest-growing AI startups, has selected Mirae Asset Securities as the lead underwriter to prepare for its IPO. In a statement issued on Wednesday, Wrtn noted that NH Investment & Securities would act as the joint underwriter. The company plans to apply for a preliminary listing review next year.

Wrtn operates an app that enables users to work across multiple AI models. At the time of its Series C funding round totaling approximately 100 billion won ($88.5 million) in August this year, the company's valuation reached roughly 1.2 trillion won (about $885 million), pushing its cumulative funding to around 230 billion won. The proposed listing could revitalize South Korea's stagnant IPO market, which had previously been unable to capitalize on the record-high surge of the KOSPI index. IPO fundraising on the Seoul market amounted to approximately $1.1 billion in 2026, compared to over $3 billion annually in each of the preceding three years. (Jin10)