BORN2GLOBAL

  • banner
  • banner
  • banner
  • banner

H > News

  • Referral-based recruiting platform Wanted Lab goes public



  • Wanted Lab, the operator of an AI-based recruitment platform “Wanted”, has been listed on the KOSDAQ market on August 11.

     

    The company plans to use the raised funds for mergers and acquisitions to expand business opportunities, develop new/overseas businesses, and secure R&D talent.

     

    The company has confirmed the IPO price at KRW 35,000 ($30) based on the results of the demand forecast conducted through 1597 institutional investors who have participated in this demand forecast, recording a competition of 1504 to 1. 

     

    Additionally, about 99% of participating institutions wrote down their offering price above the upper end of the desired range, and the total amount of the public offering was confirmed to be at KRW 256B ($220M).

     


     

    Wanted Lab attributed this high valuation to its unique data, AI recruitment matching technology, and future growth potential of the company.

     

    Established in 2015, the company quickly entered the job market by introducing the recruitment platform “Wanted” as a business model for 'recruitment through acquaintances'. Currently, they are providing an AI-based recruitment service for more than 2.2 million real-time matching result data in 5 Asian countries, including Korea. 

     

    Last year, the sales exceeded the KRW 10B ($8M) mark for the first time since its establishment, and the earnings are continuing to rise this year with sales in the first quarter having increased 93% to KRW 5.7B ($5M) from the same period of the previous year.

     

    Wanted Lab CEO Bokkee Lee said, "I would like to thank all institutional investors who showed interest in Wanted Lab and participated in the demand forecasting. We will continue to provide diversified HR solutions to companies and become recognized on the global market."



     

    Comments

STARTUPS OF THE WEEK

    • 1 Riiid
      Headquarters

      29, Teheran-ro 87-gil, Gangnam-gu, Seoul, Republic of Korea

      Description

      Riiid is bring creative disruption to education market through AI technology.

    • 2 SendBird
      Headquarters

      541 Jefferson Ave. Suite 100 SendBird, Redwood City, CA 94063

      Description

      SendBird is B2B massaging-as-a-service which supports more than 1 million concurrent connections and 500 million messages a day per application.

    • 3 Wellscare Co.,Ltd
      Headquarters

      507, 5F, 107, Gwanggyo-ro, Yeongtong-gu, Suwon-si Gyeonggi-do, Republic of Korea / (US) 3580 WILSHIRE BLVD, STE 1460, LOS ANGELES, CA 90010

      Description

      The stylish, comfortable and safe home-care laser pain therapist IASO

    • 4 Prinker Korea Inc.
      Headquarters

      Room 306, GSMBA, 8 Suseong-ro, Gwonseon-gu, Suwon-si, Gyeonggi-do, Republic of Korea (Postal code: 16426)

      Description

      The world's first digital temporary tattoo device that makes it easy to create and apply water-resistant but soap-washable custom temporary tattoos.

    • 5 AFUN INTERACTIVE
      Headquarters

      #401, 23, Seonyu-ro 49-gil, Yeongdeungpo-gu, Seoul, Republic of Korea

      Description

      Real-time Interactive 3D Digital human

    • 6 4DREPLAY KOREA
      Headquarters

      3003 NORTH 1ST ST. SUITE#221 SAN JOSE, CA, 95134

      Description

      Creating Experience ─ Highly Advanced 4D Video Solution

    • 7 Toss Lab, Inc.
      Headquarters

      #16F, Teheran-ro 419, Gangnam-gu, Seoul, Republic of Korea

      Description

      Collaboration tool for effective teamwork and smooth workflows.

    • 8 SSenStone Inc
      Headquarters

      #808, Digital-ro 30-gil 28, Guro-gu, Seoul, Republic of Korea

      Description

      StonePASS provides various authentication methods such as FIDO biometrics, security PIN, pattern, mOTP, etc. into a single solution.

    • 9 12CM
      Headquarters

      Pangyo Silicon Park A-501 Seongnam, Gyeonggi 13486, Republic of Korea

      Description

    • 10 SMART STUDY
      Headquarters

      5F, 94, Myeongdal-ro Seocho-gu, Seoul, 06668

      Description

      Sing, Play and Learn with PINKFONG

    • 11 Ovitz Corporation
      Headquarters

      260 East Main Street, Suite 6103 Rochester, NY 14604

      Description

      Compact, Fast, Portable Eye Diagnostic Device

    • 12 Lunit
      Headquarters

      169, Yeoksam-ro, Gangnam-gu, Seoul, Republic of Korea

      Description

      DIB is an imaging biomarker derived from large-sca

    • 13 linkflow
      Headquarters

      Yugi tower 13F, Teheran-ro 69gil 5, Gangnam-gu, Seoul Korea

      Description

      Wearable 360 degree camera company

    • 14 Exosystems, Inc.
      Headquarters

      #804, 815, Daewangpangyo-ro, Sujeong-gu, Seongnam-si, Gyeonggi-do, Republic of Korea

      Description

      Exosystems provides a new paradigm of rehabilitation with the slogan-“Fun @Home, Data Driven Rehab!”

    • 15 MOPIC
      Headquarters

      85307, corporate collaboration center, 2066 Seobu-ro, Jangan-gu, Suwon-si Gyeonggi-do, Korea 16419

      Description

      Your Breathtaking Mobile 3D Theater

    • 16 NEWRATEK
      Headquarters

      2~4F, Iksung Building, 6, Bongeunsa-ro 112-gil, Gangnam-gu, Seoul, 06170

      Description

      New Radio Communications for a New Era

    • 17 ZOYI Corporation
      Headquarters

      15F, KR Tower, 141, Teheran-ro Gangnam-gu, Seoul, 06132

      Description

      Growth Hacking for O2O Commerce

    • 18 Salted Venture
      Headquarters

      340 Nonhyeon-ro, Gangnam-gu, Seoul, 06227

      Description

      Fixing Golf Swings and Squats from the Feet

startups_left startups_right