This Year's Highest IPO Competition Rate is 'Maxst'

[Asia Economy Reporter Hyunseok Yoo] From January to last month, the company with the highest general subscription competition rate in initial public offerings (IPO) was the metaverse company Maxst.

According to the financial investment industry on the 19th, Maxst recorded a general subscription competition rate of 6762.8. This is the highest competition rate reflecting equal allocation. Also, the simple competition rate, calculated by dividing the subscription quantity by the public offering quantity, was 3391.87 to 1. In demand forecasting, the competition rate was 1587 to 1.

Maxst, established in 2010, is an AR (augmented reality) specialized company. It is the only company in Korea distributing AR authoring tools capable of creating augmented reality apps to 12,000 developers in 50 countries worldwide. Since 2019, it has been applying AR core technology to manufacturing sites such as semiconductors, automobiles, and shipbuilding, providing industrial augmented reality solutions. It entered the KOSDAQ market in July. On the 17th, its closing price was 52,700 KRW, a 251.33% increase compared to the public offering price of 15,000 KRW.

The highest subscription competition rate in history was recorded by the mobile platform company NBT in January this year, at 4397.67 to 1. However, the equal allocation system was not introduced at the time of subscription. In demand forecasting, it recorded a competition rate of 1425.3 to 1. On the 17th, its closing price was 20,750 KRW. The company's public offering price was 19,000 KRW.

Established in 2012, NBT is a mobile platform company that, as of last year, secured over 8 million monthly active users (MAU), growing into the leading domestic mobile point platform provider. It has a lineup of B2C point platforms offering proprietary point services such as Cash Slide, Cash Feed, and Yellow Browser, as well as B2B mobile point platforms providing partnership point networks like Addison Offerwall. It entered the KOSDAQ market in January.