Graphy clears hurdle for Korean stock market debut in August

Dental Tribune International

Mon. 16. June 2025

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SEOUL, South Korea: Graphy, a digital dental solutions provider specialised in 3D-printing materials and orthodontic technologies, has passed the preliminary review that is required of companies wishing to be listed on the KOSDAQ stock exchange. The company is aiming to go public on the domestic securities market as a technology provider via an initial public offering (IPO) in August.

The South Korean company attracted market interest in a pre-IPO investment late last year. At the time, it received a post-IPO valuation of KRW 155 billion (€101 million*), signalling strong investor confidence in its proprietary technologies. The valuation is expected to increase as fresh capital is made available through the IPO process. Underwriters KB Securities and Shinhan Invest—two of South Korea’s leading investment banks—will jointly lead the IPO.

Unlike many young technology companies which rely on third-party technologies or generic components, Graphy has independently developed and commercialised an integrated orthodontic ecosystem that includes proprietary photopolymers, hardware and artificial intelligence-assisted design software. In 2021, the company debuted the world’s first directly 3D-printed shape memory-based aligner, a system that has since gained clinical validation and regulatory approval in major dental markets. The Shape Memory Aligner has been used to treat over 150,000 patients.

Graphy was founded in 2017 to provide comprehensive next-generation orthodontic solutions, including photopolymer 3D-printing materials, proprietary nitrogen polymerising units and design software equipped with artificial intelligence-assisted automation tools. Not content to rely on commercially available oligomers, the company designed and synthesised its own custom oligomers, enabling advanced control over mechanical properties of their products and treatment outcomes. This core foundation in materials science forms the backbone of the company.

CEO Un-seob Sim commented: “With full control over materials, hardware and software, we offer a highly adaptable orthodontic ecosystem that supports diverse business models, including in-house production and laboratory-based manufacturing. We aim to meet the varied needs of clinics and partners across the globe, and this IPO will further accelerate our growth trajectory, global partnerships and innovation road map.”

More information about the company can be found at www.itgraphy.com.

Editorial note:

* Calculated on the OANDA platform for 31 December 2024.