Neuromeka, Competition Rate 1181.8 to 1... 3.7 Trillion Won in Deposit Raised

[Asia Economy Reporter Jang Hyowon] NeuroMeca, a ‘collaborative robot specialist company’ (CEO Park Jonghoon), announced on the 28th that approximately KRW 3.7 trillion in subscription deposits poured in during the public offering subscription for general investors held over two days on the 26th and 27th, recording a final competition rate of 1,181.8 to 1.

In the public offering subscription for general investors for listing on KOSDAQ, 433,205,240 shares were submitted for the allocated 375,000 shares, gathering about KRW 3.7 trillion in subscription deposits. During the demand forecast for institutional investors held on the 20th and 21st, a high competition rate of 1,652.1 to 1 and the upper end of the KRW 16,900 public offering price band were achieved. NeuroMeca, with Daishin Securities as the lead underwriter, is scheduled to be listed on KOSDAQ on November 4.

NeuroMeca is a frontier expanding the boundaries of collaborative robot automation business based on collaborative robot technology. It is conducting a robot platform business through independent productization of robot platforms such as collaborative robots (Indy), autonomous mobile robots (Moby), industrial multi-joint robots (ICoN), delta robots (D), and peripheral devices like vision solutions and grippers.

In 2020, it was selected as a preliminary unicorn company by the Ministry of SMEs and Startups. Especially, the global market analysis firm Gartner recognized NeuroMeca’s value as a leader in innovation in the collaborative robot market and selected it as a Tech Innovator in the smart robotics field this year.

Park Jonghoon, CEO of NeuroMeca, explained, “Through a three-stage large-scale mass production facility construction project in Pohang by 2024, we aim to secure production facilities of more than 18,000 units annually. This is an expansion plan considering future market and corporate growth, with RaaS at the core as a key factor in the growth of the robot automation market.”

Meanwhile, NeuroMeca also achieved a 100% subscription rate in the employee stock ownership association subscription conducted on the 26th.

This content was produced with the assistance of AI translation services.