Maxst Achieves 'Ttah-sang' Success on First Day of Listing
[Asia Economy Reporter Ji Yeon-jin] Metaverse platform company Maxst succeeded in achieving a "Ttah-sang" (forming an opening price at twice the public offering price and hitting the upper price limit) on its first day of listing on KOSDAQ.
On the 27th, Maxst's stock price rose 9,000 KRW (30.00%) from the opening price of 30,000 KRW to 39,000 KRW within just three minutes of market opening.
Previously, Maxst attracted a competitive ratio of 1,587 to 1 in institutional investor demand forecasting and secured a high lock-up agreement rate exceeding 39%. In the public offering subscription for general investors, it recorded the highest-ever subscription competition rate of 6,762.75 to 1 (reflected equal allocation competition rate of 3,381.87 to 1).
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Founded in 2010, Maxst is a specialized AR (Augmented Reality) company. It is the only company in Korea distributing AR authoring tools capable of creating augmented reality apps to 12,000 developers across 50 countries worldwide. Since 2019, it has been applying AR core technologies to manufacturing sites such as semiconductors, automobiles, and shipbuilding, providing industrial augmented reality solutions.
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