From Cambridge to Seoul: TeraView's IPO in South Korea

In this latest episode of Talks with Turquoise, we explore how UK deeptech is rethinking the traditional IPO playbook.

Low Carbon Innovation Fund 2 business, TeraView, a leader in terahertz imaging and spectroscopy, has taken an unconventional route by listing on South Korea’s KOSDAQ - a growth-focused market often likened to Nasdaq, with a strong appetite for advanced technology companies. The move reflects a broader shift among British scale-ups seeking global capital, valuation alignment and investors who understand complex innovation.

We discuss why KOSDAQ proved an attractive platform, what the listing means for the future of UK science-led businesses, and whether overseas IPOs could become a viable alternative for ambitious companies looking to scale.

Joining the conversation is Ian Thomas, Managing Director at Turquoise and TeraView CEO Dr. Don Arnone.

Arnone shares insight into the evolving global capital markets landscape and what TeraView’s successful listing (opening at 8,000 won and reaching a high of 15,500 won) signals for investor confidence in terahertz technology and deeptech innovation.

Ian and Don discuss:

• TeraView’s technology and growing momentum: How terahertz imaging and spectroscopy unlock visibility beyond optical and X-ray systems, and why this capability is gaining traction across semiconductors, batteries and future 6G applications
• The company’s IPO performance and growth back story
• Why KOSDAQ made strategic sense
• Wider implications for UK scale-ups - what this move signals for other UK science-led companies weighing global listings, and whether overseas markets increasingly offer a clearer route to scale than staying domestic

This episode was recorded on 15 January 2026.

To find out more about Turquoise International, click here.

To find out more about TeraView, click here.