Bigwave Robotics Submits Securities Registration Statement... KOSDAQ Listing Process Begins in Earnest

Bigwave Robotics has submitted a securities registration statement to the Financial Services Commission and is officially launching the public offering process for its listing on the KOSDAQ.

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According to Bigwave Robotics on May 6, Eugene Investment & Securities is serving as the lead underwriter for this listing, with Mirae Asset Securities as the co-underwriter. The general subscription is scheduled to take place next month, and the KOSDAQ listing is also planned. The number of shares to be offered is set at 2 million, with an expected price range per share between 22,000 won and 27,000 won. Accordingly, the total amount to be raised through the public offering is estimated to be between approximately 44 billion won and 54 billion won. The number of shares expected to be listed is 10,647,865, and based on the desired price band, the expected market capitalization will be between approximately 230 billion won and 290 billion won.

Bigwave Robotics is an industrial physical artificial intelligence (AI) company that connects robots, equipment, workers, and processes into a single intelligent operational structure based on demand, challenges, work, and operational data from industrial sites. The company goes beyond the scope of merely a robot supplier, SI company, or RaaS provider, possessing a differentiated business model that directly designs, accumulates, and optimizes operational intelligence for industrial sites.

Bigwave Robotics demonstrated both the growth and profitability of its business model last year by achieving sales growth and turning to an operating profit. In addition, with 640 actual purchasing client companies and a repurchase rate of 55%, the company is establishing itself as a repeatedly selected robot automation and physical AI company in the industrial sector. Over the past four years, sales have shown a strong growth trajectory, recording a compound annual growth rate (CAGR) of approximately 153%.

After the listing, Bigwave Robotics plans to focus the funds raised on accelerating its global expansion, advancing its humanoid RaaS solutions, and expanding investments in physical AI technology.

Mingyo Kim, CEO of Bigwave Robotics, stated, "There are high expectations from customers for physical AI as the key to solving automation challenges that could not be addressed before," adding, "We will expand the robot automation ecosystem and become a company that leads the global market."

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