Artificial intelligence (AI) optimization corporations Nota succeeded at its public subscription for a KOSDAQ listing, collecting more than 9 trillion won in deposits.
Nota said on the 24th that the public subscription for individual investors posted a competition rate of 2,781.5 to 1. The number of subscriptions was about 380,000, and the deposits totaled about 922.61 billion won. Mirae Asset Securities served as the lead underwriter.
A Mirae Asset Securities official said, "This subscription competition rate for Nota recorded the highest figure among public offering subscriptions for individual investors since April 2022." Earlier, Nota set the offering price at 9,100 won, the top end of the desired range (7,600–9,100 won), based on demand forecasting for institutional investors.
In the demand forecast, 2,319 domestic and overseas institutional investors participated, recording a competition rate of 1,058 to 1. The total public offering amount is 26.5 billion won, and the expected market capitalization after listing is about 192.6 billion won.
Nota helps build environments where AI runs efficiently from the cloud to on-device, based on AI light-weighting and optimization technologies. It counts global big tech firms such as Samsung Electronics, Amazon Web Services (AWS), Microsoft (MS), and Nvidia among its major clients.
The company's revenue increased from 480 million won in 2021 to 8.44 billion won in 2024, marking an average annual growth rate of 159.7%. Based on this growth, it is aiming to reach 14.5 billion won in revenue this year.
Nota plans to list on the KOSDAQ market on Feb. 3.