MakinaRax has maintained its upward momentum, recording upper limit gains on its second day of trading on the KOSDAQ.
According to the Korea Exchange, as of 10:13 a.m. on May 21, MakinaRax shares were trading at 78,000 won, up 18,000 won (30.00%) from the previous trading day. The stock opened at 78,000 won, briefly dipped to 77,700 won during the session, but quickly recovered to the upper limit level.
On its debut day, MakinaRax entered the KOSDAQ market at a closing price of 60,000 won, marking a 300% increase from its initial public offering price of 15,000 won, achieving what is known as a 'double-double' (a fourfold increase from the IPO price).
Founded in 2017, MakinaRax is a company that implements physical AI based on its enterprise AI operating system, Runway, designed for industrial applications. The company's current market capitalization is approximately 1.052 trillion won.
MakinaRax attracted significant interest from institutional and individual investors even before its listing.
During the general subscription held on May 11-12, the company garnered about 13.9 trillion won in deposits, marking a successful launch. This amount is the second-largest in KOSDAQ history, following Semifive's 15.6 trillion won in December of the previous year. Additionally, the demand forecast for institutional investors recorded a competition rate of 1,196.1 to 1.
* This article has been translated by AI.
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