[This Week's IPO] Book-Building and Subscription Schedule for the Second Week of May View original image

In the second week of this month (May), Peace Piece Studio will conduct a book-building process for institutional investors. MakinaRocks is preparing for its public subscription for retail investors.


<Book-Building>


◆Peace Piece Studio = Since its establishment as a corporation in 2020, this fashion and lifestyle company has experienced rapid growth centered around its women's designer brand, "Mardi Mercredi." Mardi Mercredi has quickly gained brand recognition both domestically and internationally by highlighting its distinctive flower graphics as its core identity, achieving annual sales of approximately 100 billion won within about seven years of its launch.


For this listing, the company plans to offer 2,272,637 shares, with the desired offering price band set at 19,000 to 21,500 won per share, and a total offering amount of approximately 43.2 billion to 48.9 billion won. The book-building process will take place from May 11 to 15, and the public subscription for retail investors will be held over two days, from May 20 to 21. The joint lead underwriters are Mirae Asset Securities and NH Investment & Securities.


<Public Subscription>


◆MakinaRocks = The offering price has been set at the upper end of the desired band, 15,000 won. A total of 2,427 domestic and overseas institutions participated in the book-building process, recording a competition rate of 1,196.1 to 1. Of the total requested shares, 78.2% came with a lock-up commitment of at least 15 days. The ratio of investors committing to a lock-up of three months or more was 51.6%, and those committing to a long-term lock-up of six months accounted for 20.5%. After the public subscription for retail investors, which will be held on May 11 and 12, the company is scheduled to be listed on the KOSDAQ market on May 20. The lead underwriters are Mirae Asset Securities and Hyundai Motor Securities.



MakinaRocks is a company that implements physical AI based on its enterprise AI operating system, "Runway." Similar to Windows for PCs, Runway is foundational software that enables the execution of AI in industrial settings. It supports integrated management of the entire development, deployment, and operation cycle, even in closed network environments that are disconnected from external networks.


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