The first day of the IPO subscription for Madup ended at approximately 4 p.m. on the 23rd. This subscription is being held over two days, the 23rd and 24th, through Mirae Asset Securities.

On the first day of subscription, 150,884 applications flooded in, with the number of equally allocated shares standing at 1.66 shares based on the minimum subscription requirement. This translates to an equal allocation of around 1 share on the first day. The proportional competition rate is 227.71:1.

Previously, the institutional investor demand forecasting recorded a competition rate of 1,396.29:1.

Madup is scheduled to list on the KOSDAQ on July 1. The IPO price is 8,000 won. If it records a double-double on the listing day, the share price could rise to 32,000 won, up 300% from the IPO price. However, excessive optimism should be avoided.

According to regulatory filings, Madup provides 'AI-based advertising agency services' and 'marketing AI agent solutions.'

[※ This article is for investment reference only, and responsibility for investment decisions lies with the investor.]