Hoorim Robot announced the subscription results for its public offering capital increase via a disclosure on the 2nd. With a total of 44,800,692 shares received against the planned offering of 101,832 shares, the subscription rate recorded 43,994.71% and the competition rate stood at 439.95 to 1.

This public offering took place over two days from June 1 to 2. However, some analyses suggest that this competition rate is a result reflecting the relatively small volume of the public offering, which was around 100,000 shares, and thus there are limitations to interpreting it as a direct indicator of overall demand.

The company stated that in the event of an undersubscription, the unallocated shares will be treated as unissued. Looking at the upcoming schedule, the allocation and refund announcement will be made on June 4, followed by the share payment and refund processes on June 5. The scheduled date for the listing of the new shares is June 18.