Axbis Quadruples on KOSDAQ Debut, Hits Daily Limit

Axbis, an intelligent high-power laser solutions company, quadrupled its initial public offering price on its first day of trading on the KOSDAQ market.

According to the Korea Exchange on January 9, Axbis shares were trading at 46,000 won, up 34,500 won (300%) from its IPO price of 11,500 won. The stock surged to its daily limit immediately after the market opened.

During the institutional book-building period held from December 6-12, Axbis recorded a subscription rate of 1,124.21 to 1, setting its IPO price at 11,500 won—the top of the indicative range of 10,100-11,500 won. The subsequent retail subscription on December 23-24 saw a competition ratio of 2,711.06 to 1, attracting approximately 8.96 trillion won in subscription deposits.

Founded in 2009, Axbis specializes in laser processing solutions for advanced manufacturing. The company holds "VisionSCAN," Korea's first intelligent high-power laser platform integrating artificial intelligence and robotics technology. The platform achieves both high quality and maximum productivity through high-speed processing, AI-based precision control, and robotics-based process cycle minimization.

The target market outlook is also favorable. Prismatic batteries require over six times more laser processing steps than pouch-type batteries. As global battery form factors shift toward prismatic designs, demand for VisionSCAN is expected to grow. Axbis plans to use IPO proceeds for production capacity expansion, R&D enhancement, new laser heating businesses, and growth strategies in physical AI and semiconductors.

Esteem, which debuted on KOSDAQ on January 6, also closed at 34,000 won—a 300% gain from its IPO price. Esteem began as Korea's first professional model management agency and has expanded over 20 years into fashion, beauty, art, and lifestyle sectors.