MakinaRocks IPO Book Building Results Analysis

• MakinaRocks finalized its IPO price at 15,000 won per share (high end of the IPO price range). The demand ratio was 1,196 to 1.

• A 98.5% of the IPO shares applied thought that the company’s value is 15,000 won or more.

• A 78.2% of total IPO shares are under lock-up periods lasting 15 days to 6 months. This is the highest mandatory lock-up commitment ratio in the history of KOSDAQ IPOs.