MakinaRocks Co Ltd (Ticker: 477850 KS) is a South Korean software company focused on industrial AI solutions. The company supplies vertical AI systems for industrial environments, including closed-network and other specialized settings, and offers its proprietary AI platform Runway, AI consulting, and related operating-system implementation services.

MakinaRocks plans to list on KOSDAQ on May 20, 2026. According to published terms, the company is offering 2.64 million new common shares at KRW 15,000 per share, raising KRW 39.5 billion, or approximately $26 million. The market capitalization at the offer price is estimated at around $175 million. The IPO consists entirely of primary shares, with no secondary shares or greenshoe facility indicated. Mirae Asset Securities is the lead manager, with Hyundai Motor Securities also participating.