IntelliVIX shares surged on their first day on South Korea’s KOSDAQ market on October 30, although early-trading figures differed between updates. One update described the stock as more than 140% above its IPO price, while a 9:19 a.m. snapshot showed shares at 19,770 won, up 10,770 won from the 9,000-won offering price. An earlier market update put the shares at 19,930 won at 9:08 a.m., a gain of 121.44%. The offering price was set at the top of the 7,600–9,000-won range after 2,357 domestic and international institutions participated in demand forecasting from October 12–16, generating a 1,234.3-to-1 competition ratio. Retail subscriptions on October 21–22 recorded a 1,410.9-to-1 ratio and attracted about 4 trillion Korean won in deposits. Mirae Asset Securities led the 22.5 billion-won offering. Founded in 2000, IntelliVIX uses AI to analyze CCTV footage for fires, intrusions, and industrial accidents. Its Gen AMS platform combines vision AI with generative AI and vision-language models, while the company is expanding into industrial safety, defense, and physical AI through projects pairing its video-analysis technology with the four-legged ARGOS patrol robot. IntelliVIX reported 46.6 billion Korean won in revenue and 4.9 billion won in operating profit last year, and plans to use listing proceeds for AI development, physical AI commercialization, and overseas expansion.