Nara Space Technology (Nara Space) said on the 29th that it filed a securities registration statement with the Financial Services Commission on the 26th and began the public offering process for a KOSDAQ listing.
Nara Space plans to offer a total of 1.72 million shares in this listing. The desired offering price is 13,100 won to 16,500 won, putting the total expected offering at 22.5 billion won to 28.4 billion won. Its post-listing market capitalization is estimated at 150.9 billion won to 190 billion won. Book building will run from Oct. 30 to Nov. 5, and the retail subscription will take place over two days, Nov. 11-12. The lead manager is Samsung Securities.
Funds secured through this offering will be focused on the launch and in-orbit demonstration of next-generation small satellites for satellite constellation production and operations for real-time Earth monitoring, space domain awareness (SDA), low Earth orbit satellite communications, and low Earth orbit satellite PNT (Positioning, Navigation, Timing); AI agent services for extreme climate response; and expansion of mass-production infrastructure for satellites.
Founded in 2015, Nara Space is Korea's leading total-solution company for small satellites, providing development and mass production of small-satellite platforms, high-frequency Earth observation imagery acquisition, and image-based services using that data. It successfully developed the small satellite Observer-1A in Nov. 2023 and launched it on SpaceX's Falcon 9 rocket; it has continued performing normal Earth observation missions to this day, about 22 months after launch.
As of last year, Nara Space posted annual revenue of 4.299 billion won, demonstrating business performance, and it is maintaining rapid growth with 7.525 billion won in revenue for the first half of this year.
Park Jae-pil, CEO of Nara Space, said, "Nara Space is Korea's first corporations to internalize the entire process of commercial small-satellite development and to succeed in in-orbit demonstration and commercialization," adding, "Through this initial public offering (IPO), we will leap forward as a global space corporations with a unique space asset in the fields of space defense and climate, energy, and environment."