Neosapience debuted on South Korea's KOSDAQ, closing its first day at 34,300 won, up 243% from its IPO price of 10,000 won, after climbing as high as 31,300 won during the session. The listing ceremony was emceed by "Seohyun," an AI announcer voice character produced in-house. As of 9:33 a.m., the stock traded at 26,450 won, up 164.50%, with trading volume exceeding 8.55 million shares and turnover surpassing 240 billion won (approximately $174.6 million). Lock-up commitments on 44.02% of institutional allotments cut the free float to 23.21% from the 28.66% stated in the securities registration statement. The retail subscription drew a competition ratio of 1,047.78 to 1, with margin deposits exceeding 2.6 trillion won (approximately $1.9 billion), while institutional bookbuilding saw a ratio of 219 to 1; with more than 93% of institutional investors bidding at or below the lower end of the indicative range (13,800–15,800 won), the IPO price was set at 10,000 won. The offering totaled 2 million shares, giving a market capitalization of 122 billion won (approximately $88.8 million) at the IPO price, with Daishin Securities as lead underwriter. Neosapience plans