CMES, 426-to-1 Subscription Ratio from General Investors... 4 Trillion Won in Deposits Raised

Scheduled for KOSDAQ Listing on the 24th

AI (Artificial Intelligence) robot solution company Cimes announced on the 16th that it recorded a competition rate of 425.77 to 1 after receiving public subscription applications from general investors over two days on the 15th and 16th.

The subscription deposit amounted to approximately 4.1512 trillion KRW. The public offering funds will be used for research and development of robot and vision (visual) technologies, factory expansion, and entry into the U.S. market.

Earlier, from the 30th of last month to the 8th of this month, a demand forecast targeting domestic and foreign institutional investors saw participation from a total of 2,180 institutions, recording a competition rate of 577 to 1. The final public offering price was set at 30,000 KRW, exceeding the upper limit of the desired price band.

Cimes will make the deposit payment on the 18th and list on the KOSDAQ market on the 24th. The lead underwriter is Samsung Securities.