Brills shares surge 66% following KOSDAQ debut

Brills, a physical AI and robot modular platform company, successfully debuted on the KOSDAQ market, with its stock price surging 65.9% to 32,350 KRW on its first day of trading. This follows a highly competitive public offering process where subscription deposits exceeded 4.9 trillion KRW, resulting in a subscription ratio of 1,676.26 to 1.

The company, which specializes in internalizing the entire robot lifecycle from hardware design to software development, confirmed its IPO price at 19,500 KRW. Brills plans to utilize the capital raised to expand its R&D centers, enhance physical AI technologies, and scale its platform to include quadruped and humanoid robots.

Strategic expansion plans include increasing production facilities at its Songdo headquarters to establish a humanoid R&D and manufacturing hub, developing a large-scale mass production facility in Asan, and accelerating North American market entry through its Michigan-based subsidiary.