The first day of the IPO subscription for Rebel Up targeting retail investors concluded on the 22nd. The subscription runs for two days from the 22nd to the 23rd, with NH Investment & Securities as the lead underwriter. Given the two-day subscription schedule, attention is focused on the first day's equal and proportional competition ratios as well as the scale of investor participation on the final day.

■ Day 1 Equal and Proportional Competition Ratios

As of the 22nd, the first-day equal allocation stood at 28.74 shares per applicant, with the proportional allocation competition ratio at 0.834:1. The total number of subscriptions was 9,483. The key point to watch is how the subscription trend unfolds on the second day, the 23rd.

■ IPO Price Set at Bottom of Desired Band

Rebel Up's final IPO price has been set at 19,000 won. The initially desired price range was between 19,000 and 22,000 won, but the price was ultimately determined at the bottom of that range. Attention is also on how the stock price moves in the subsequent listing process.

■ AI Infrastructure Platform Specialist

According to the regulatory filing, Rebel Up is an AI infrastructure platform company founded in April 2015. It develops and supplies software that solves the problem of efficiently operating and managing computing resources essential to the spread of artificial intelligence technology.

[This article is intended to provide information for investment reference and does not recommend the purchase or sale of any specific stock. Figures may vary depending on market conditions. Investment decisions and any resulting responsibility rest with the investor.]