Semifive, an artificial intelligence (AI) application-specific integrated circuit (ASIC) specialist, drew more than 15 trillion won in deposits from retail investors in the KOSDAQ listing subscription, marking a successful debut effort.
Semifive said on the 19th that it received a total of 448,632 orders in the initial public offering subscription for retail investors. The overall competition rate was 967.6 to 1, and the proportional competition rate was 1,934.2 to 1. Subscription deposits came to 15.6751 trillion won. That is the largest among KOSDAQ-listed corporations this year.
Earlier, in the book-building for institutional investors held on the 10th to 16th, Semifive set the offer price at 24,000 won, the top end of the indicated range. A total of 2,519 institutions participated, logging a competition rate of 436.9 to 1. Of the total order volume, 43.9% came with lock-up commitments. The total offering size is 129.6 billion won, and the expected market capitalization after listing is 809.2 billion won.
Founded in 2019, Semifive is a corporations that provides end-to-end engineering services from custom AI Semiconductor design to mass production. The company plans to use the proceeds from the listing to hire engineering talent, strengthen global technology and IP, and fund mass-production projects.
Semifive is scheduled to list on the KOSDAQ market on the 29th. With the 31st designated as the year-end market holiday, Semifive will become the last company to debut on the stock market this year. Samsung Securities is the lead manager.