Naspers, IPO subscription competition ratio 699 to 1... reflects the enthusiasm for investment in the aerospace industry

NaraSpace, a microsatellite development company, has attracted significant attention during its general subscription phase for its initial public offering (IPO), setting a record with a competition rate of 699.61 to 1. The total subscription deposit reached 2.4819 trillion KRW.

Starting from December 8, NaraSpace conducted a two-day public offering subscription for general investors. General subscription refers to the process by which a company offers new shares to the public on the securities market prior to listing, providing a channel for individual investors to participate. The high subscription deposit collected during this round indicates strong investor expectations.

Previously, through a demand forecast targeting institutional investors, the company set its offering price at the upper limit of the desired range—16,500 KRW. The demand forecast is a process where institutional investors participate in evaluating a company’s appropriate share price. Setting the offering price at the upper limit signifies robust institutional demand.

NaraSpace has gained competitive recognition in the microsatellite market by internalizing satellite-related technologies, making it a notable startup riding the wave of global aerospace industry growth. Especially in the domestic market, the aerospace industry is attracting high attention among venture capitalists due to its various growth prospects, including integration with the defense industry and communication technologies.

The company’s KOSDAQ listing is scheduled for December 17, with Samsung Securities serving as the joint lead underwriter for the IPO process. After listing, the stock’s performance is expected to diverge based on the market’s evaluation of the domestic aerospace industry and expectations for the company.

This investment boom is interpreted as reflecting not only participation from individual investors seeking short-term gains but also long-term expectations for growth potential in the domestic aerospace sector. In the future, it may also have a positive impact on the overall listing trend of aerospace-related companies.