Despite a Flurry of New Listings Trading Below Their IPO Prices… 'AI and Robotics' Stocks Survived
Only 6 of 14 New KOSDAQ Listings Exceeded Offering Price… 3 Are AI and Robotics Companies
Cosmoro, up 318% from IPO price… Leading the rise in average returns
'AI Companies' Axbis and MakinaRaks Also Post Double-Digit Gains
"Listings of AI and Robotics Companies Drive Market Momentum"
[Edaily Reporter Lee Hye-ra] Artificial intelligence (AI) and robotics companies that made their debut on the KOSDAQ market this year have made a strong impression. Even as more than half of the listed stocks traded below their initial public offering (IPO) prices, these companies captured the market’s attention by posting double-digit returns. Price increase relative to the initial public offering (IPO) price for AI and robotics companies among new KOSDAQ listings. (Graphic by Reporter Kim Jeong-hoon) According to the Korea Exchange on the 15th, among the 14 stocks newly listed on the KOSDAQ market this year, a total of six companies—#Deokyang Energygen, #Axbis, #IM Biologics, #Lysence Medical, #Cosmo Robotics, and #Machina Raks—were trading above their initial public offering (IPO) prices as of the day’s closing price. Eight companies—#S-Team, #Kanap Therapeutics, #Hanpass, #Meju, #Inventera, #Chaebi, #Poled, and #PisPis Studio—are trading at levels approximately 3% to 56% below their IPO prices. Among the companies trading above their IPO prices, those boasting the highest gains are AI and robotics firms. Four companies—Axbis, Resense Medical, Cosmo Robotics, and Makina Raks—have recorded double-digit gains relative to their IPO prices, with three of them (excluding Resense Medical) positioning AI or robotics technology as the core of their business. Cosmo Robotics stands out in particular. Based on today’s closing price, Cosmo Robotics closed at 25,100 won, a 318.33% increase from its IPO price (6,000 won), ranking first in terms of percentage gain among this year’s newly listed stocks. The company, which operates in the rehabilitation wearable robotics sector, is currently seeking to expand its business into the market for wearable robots designed for industrial settings. Cosmo Robotics hit the daily price limit again today. Cosmo Robotics’ strong performance also reshaped the overall performance of newly listed stocks. The average return relative to the initial public offering (IPO) price for the 14 newly listed stocks this year is 15.71%. However, excluding Cosmo Robotics, the average return plummets to -7.56%. This is a poor performance even when compared to this year’s KOSDAQ index gain (+11.73%). In effect, a single stock is driving the overall sentiment of all newly listed stocks. AI-related companies are also performing well. Axbis, leveraging its intelligent laser platform technology that combines AI and robotics, has risen 23.83% from its IPO price, and MakinaRaks, an industrial AI solutions company, has also climbed 47.33%. This trend suggests that investor preference in the KOSDAQ market remains focused on AI and robotics—sectors that have driven the stock market throughout the first half of the year. Kang Young-hoon, an analyst at Samsung Securities, stated, “In growth sectors such as AI and robotics—which are recent megatrends—the market is currently dominated by small and mid-cap unlisted companies that are still relatively small compared to the level of market interest.” He added, “As these companies push for a mass entry into the KOSDAQ market, they are driving the market’s momentum.” Amid this atmosphere, attention is also turning to StradVision, which is set to list on the KOSDAQ market later this month. StradVision is an AI-based autonomous driving software company. Given that companies specializing in fields such as AI and robotics are receiving relatively high valuations even after listing, it remains to be seen whether upcoming AI and robotics companies will be able to continue this positive trend.
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