MakinaRocks Draws Nearly 14 Trillion Won in Industrial AI IPO Subscription

MakinaRocks, an artificial intelligence solutions company specializing in industrial sites, drew subscription deposits worth nearly 14 trillion won ahead of its KOSDAQ listing. According to investment banking industry sources on May 12, the company conducted its public subscription for retail investors on May 11-12, recording a subscription ratio of about 2,808 to 1. The number of subscription applications was estimated at about 546,000, while deposits, equal to half of the subscribed amount paid in advance, reached roughly 14 trillion won. The result shows concentrated investor demand ahead of the industrial AI company's KOSDAQ debut. However, post-listing share performance may vary depending on market conditions. Source: hankyung.com