Physical AI corporations MakinaRocks secured more than 13 trillion won in deposits from a public subscription for retail investors. It is the largest deposit this year.
MakinaRocks said on the 12th that 1.38722 trillion won was raised from the public offering subscription for retail investors held on the 11th to 12th.
This subscription was conducted by the lead manager, Mirae Asset Securities. For the 658,750 shares allocated to retail investors, 1,859,631,580 shares were applied for, and the competition rate was tallied at 2,807.8 to 1.
MakinaRocks previously drew participation from 2,427 institutions in a five-day book-building for institutional investors held from the 28th of last month to the 6th of this month, recording a competition rate of 1,196.1 to 1. A total of 78.2% of the requested shares came with lockup commitments, the highest lockup ratio under KOSDAQ listing standards. Accordingly, the final offering price was set at the top end of the indicated range, 15,000 won.
An official at Mirae Asset Securities, the lead manager, said, "Following the earlier book-building, which set a new KOSDAQ record for the highest lockup ratio, investor interest continued in the public subscription," adding, "In particular, it reflects high evaluations of the technological competitiveness of MakinaRocks' AI operating system (OS) Runway and the on-site references accumulated mainly with large corporate groups."
MakinaRocks supports productivity innovation on manufacturing floors based on physical AI technology using Runway. At an automobile-related corporation, it cut working time by 93% by optimizing robot work paths, and at semiconductor and electrical and electronics–related corporations, there is also a case where optimizing PCB component placement reduced a 48-hour task to 4 hours. Recently, as it has expanded AI technology into the defense domain, it achieved 22% of last year's sales from the defense sector.
MakinaRocks plans to focus the public funds secured through this listing on research and development and global market expansion. In overseas markets, it is establishing a local subsidiary in Japan and securing clients in the automobile and industrial machinery fields.
Yun Seong-ho, MakinaRocks' CEO, said, "With AI that operates on industrial sites, we will create synergy with Korea's world-class manufacturing competitiveness," adding, "We will leap forward as a physical AI corporation leading the global market."
Meanwhile, MakinaRocks is scheduled to list on the KOSDAQ market on the 20th after payment on the 14th.
With MakinaRocks' listing, financial investors (FI) are also expected to move actively to realize gains. MakinaRocks attempted to list once in 2024, but withdrew at the time as the bar for technology-special listing was raised. After receiving favorable reviews from the market two years later, as it approaches listing, existing investors are expected to actively pursue the exit that failed two years ago.