Kwak Hye-in · Articles

2026.10.23

Yeonggwang sees high subscription ratio despite low institutional commitment

Shipbuilding and plant equipment maker Yeonggwang recorded a 684.73-to-1 competition ratio in its general public subscription, driven by expectations of increased shipbuilding orders and expansion into next-generation energy markets. However, institutional investors' commitment to mandatory holding periods was notably low at just 0.87%.

2026.10.23

Lablup faces valuation pressure after public subscription hits 3.55-to-1 ratio

AI infrastructure software company Lablup recorded a single-digit competition ratio in its public subscription, facing pressure to prove its valuation which is 41 times its last year's revenue.

2026.10.23

Ieseuti public subscription competition rate hits 29:1

Ieseuti, a semiconductor and display process component company, has closed its public subscription for a KOSDAQ listing with a competition rate of 28.95 to 1.

2026.10.22

Intellivix draws 3.96 trillion won in IPO subscription deposits

Intellivix, an AI video analysis specialist, attracted significant investor interest with a subscription competition ratio of 1,410.88 to 1 during its public offering. While the company is expanding from video security into industrial safety, it faces challenges regarding profitability and potential share dilution following its KOSDAQ listing.

2026.10.21

Creatz sees lukewarm IPO interest with 6.9-to-1 subscription ratio

Golf simulator company Creatz recorded low subscription numbers during its general investor offering ahead of its KOSDAQ listing, despite its expansion into AI analysis and subscription services.

2026.10.21

SV Investment nears 6.6x return as T&E Korea IPO sees high demand

T&E Korea, a high-speed turbomachinery specialist expanding into hydrogen fuel cell equipment, has secured a 1253.39-to-1 subscription ratio during its public offering. The successful IPO is expected to drive significant valuation gains for early investor SV Investment.

2026.10.14

[September 2026 KONEX Monthly Market Report] Trading Value Decreases by 39%... New Listings Follow as Transfer Listings Face Obstacles

In September, the KONEX market showed mixed results with an increase in trading volume but a 39.4% decrease in trading value. While the first case of transfer listing to KONEX for companies facing delisting was delayed due to court decisions, new listing applications continue.

2026.10.13

[IPO] MS Bio's competitiveness as a 'profitable bio company' pays off... Subscription ratio of 1538:1

MS Bio successfully completed its public subscription for its upcoming KOSDAQ listing on the 22nd, driven by expectations for the medical device market and the company's profitability.

2026.10.08

[IPO] 10 trillion won in deposits and 408:1 competition ratio... Will Elice Group maintain its 1 trillion won valuation?

Elice Group, which has shifted its business focus from an AI education platform to a cloud infrastructure company, is facing a test of its corporate valuation ahead of its KOSDAQ listing. While expectations for expanded AI infrastructure investment and business restructuring are reflected in the offering price, the key investment point is whether it can maintain this valuation after listing.

2026.10.06

[IPO] Jincostech leaving KONEX, will hydrogel growth continue... Public offering subscription ratio 685 to 1

Jincostech, a company specializing in hydrogel, is moving from KONEX to KOSDAQ with a public offering subscription ratio of 685 to 1. While the company shows strong growth and technical capabilities, risks such as high floating shares and potential regulatory sanctions remain.

2026.10.02

[IPO] Melcon, which broke into ASML's supply chain, sees 1741:1 subscription success... Accelerating response to next-generation EUV

Semiconductor equipment specialist Melcon achieved a high subscription rate of 1741.48:1 during its general public offering for KOSDAQ listing. The company is expanding its business from THC to XPS and preparing for next-generation High-NA EUV technology.

2026.09.30

Open Innovation Shifts Focus from Proof of Concept to Commercialization... Large Corporations and Government Expand Follow-up Support

The focus of open innovation is shifting from simple technical verification (PoC) to actual commercialization, with large corporations and the government expanding programs to support market validation and subsequent contracts or investments.

2026.09.29

[IPO Preparation] Solis, Luxco, and Celtrix Kick Off KOSDAQ Entry via 'SPAC Mergers'

Solis, Luxco, and Celtrix have begun their journey toward KOSDAQ listing through mergers with Special Purpose Acquisition Companies (SPACs). All three companies passed their preliminary listing examinations on the same day, choosing the merger route rather than the traditional public offering method.

2026.09.23

Reform of Policy Finance for Startups and Small Businesses... Lowering Guarantee Thresholds and Providing 12 Trillion Won in Support

The Financial Services Commission held the 14th Policy Finance Support Council to discuss measures to support startups, small businesses, and SMEs, including the launch of the Startup Build-Up Program. The plan includes lowering guarantee barriers for early-stage startups and expanding support for small businesses and strategic industries.

2026.09.18

[IPO] Robot-related stock BRILS sees successful public subscription... Demand forecast exceeded with 1676:1 ratio

BRILS, a robot system integration company, has achieved a high subscription rate of 1676.26:1 during its general public offering, following a strong demand forecast. The company plans to use the raised funds to expand its R&D center in Daegu and production bases in Incheon and Asan, as well as to operate its US subsidiary.

2026.09.17

[IPO] 'First Exception to Dual Listing' Duksan Navcours heads to KOSDAQ riding K-Defense exports... General subscription ratio 333:1

Duksan Navcours, the first company to be granted an exception to the dual listing prohibition, has completed its public offering with high interest from institutional investors. While the IPO shows strong momentum, variables such as floating supply, existing shareholder selling pressure, and shareholder value issues due to the dual listing remain.

2026.09.17

[IPO] Semiconductor stock Global Technology sees 57-to-1 general subscription ratio... Entering the market with lowered offering price

Global Technology is proceeding with its KOSDAQ listing by lowering its offering price to reduce valuation expectations. While the entry price for new investors has decreased, interest is focused on whether the stock will be perceived as undervalued in the market or if the price set by institutions will serve as a new benchmark for its corporate value.