Wearable robotics company Cosmo Robotics has recorded limit-up trading for four consecutive days since its listing on the KOSDAQ.
According to the Korea Exchange, as of 2:31 PM on May 14, Cosmo Robotics shares were trading at 52,700 won, up 12,150 won (29.96%) from the previous day, reaching the maximum price limit. The stock has surged 778.33% from its initial public offering price of 6,000 won.
On its debut day, May 11, Cosmo Robotics achieved a “double limit-up,” meaning its price quadrupled from the offering price before hitting the limit. It continued this trend with limit-up trading on both May 12 and May 13.
Founded in 2016, Cosmo Robotics specializes in wearable robots suitable for all age groups, from preschool children to the elderly. The company manufactures wearable robots that assist in walking rehabilitation for patients with strokes, cerebral palsy, and spinal cord injuries, as well as supportive walking robots for daily independence and industrial wearable robots that reduce physical strain on workers.
The company raised a total of 25.02 billion won through its IPO, which it plans to use for research and development.
On May 11, Lee Geon-jae, head of the KOSDAQ research center at IBK Investment & Securities, noted in a report that exports accounted for a significant portion of sales, maintaining a consistent structure with approximately 80% of revenue from exports: 82.1% in 2022, 79.3% in 2023, 74.8% in 2024, and projected to rise to 85.9% in 2025. He stated, “This indicates that Cosmo Robotics is structurally an export-oriented company with established overseas sales.”
He added, “Another noteworthy point is the geographical diversification of exports. In 2022, a single Russian subsidiary accounted for 84.5% of total sales, but last year, the European subsidiary emerged as the largest revenue source, contributing 32.5% of total sales, while subsidiaries in the U.S. and China are also on a growth trajectory.”
On the same day, Polled, a company specializing in baby products and hygiene items, also successfully achieved a “double limit-up” on its first day of trading on KOSDAQ. Polled shares rose to 20,000 won, up 15,000 won (300%) from the offering price of 5,000 won.
Polled began as an internal venture of Hyundai Motor Company and was spun off in 2019. The company has been rapidly growing, focusing on premium baby appliances and parenting products, including the AIRLUV ventilation and heating sheet, as well as brands like Pixel, Franklin, Yupang, and Baby Brezza.
* This article has been translated by AI.
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