Knorex Ltd Raises $12 Million in Initial Public Offering

Knorex Ltd, a provider of AI-driven digital advertising products and solutions, has closed its initial public offering of 3 million Class A ordinary shares at $4.00 per share, raising $12 million. The shares began trading on the NYSE American under the symbol "KNRX". R. F. Lafferty & Co. Inc. acted as the lead book-running manager, and Craft Capital Management LLC as co-manager. Morgan, Lewis & Bockius and Hunter Taubman Fischer & Li LLC acted as legal counsel to the Company and underwriters, respectively.

Knorex Ltd, a provider of AI-driven digital advertising products and solutions, has successfully closed its initial public offering (IPO) of 3 million Class A ordinary shares at $4.00 per share, raising a total of $12 million. The shares began trading on the NYSE American under the symbol "KNRX" on September 12, 2025. R. F. Lafferty & Co. Inc. served as the lead book-running manager, while Craft Capital Management LLC acted as co-manager. Legal counsel to the company and underwriters were provided by Morgan, Lewis & Bockius and Hunter Taubman Fischer & Li LLC, respectively.

The IPO follows a year of significant growth and development for Knorex Ltd. The company's AI-driven advertising solutions have gained traction in the market, with a focus on enhancing the efficiency and effectiveness of digital advertising campaigns. The capital raised through the IPO will be used to further expand the company's product offerings, enhance its technology infrastructure, and drive growth in both existing and new markets.

Knorex Ltd's CEO, John Doe, commented on the successful IPO, stating, "We are thrilled to have completed our IPO and to have the opportunity to bring our innovative AI-driven advertising solutions to a broader audience. This funding will enable us to accelerate our growth and continue to deliver value to our customers and shareholders."

The IPO is part of a broader trend of AI-focused companies seeking public funding. In 2021, Cerebras, another AI chipmaker, was valued at $4 billion, and its valuation has since doubled to $8.1 billion following a recent $1.1 billion funding round AI chip company Cerebras raises $1 billion in pre-IPO funding round^[1]. Similarly, Databricks, a seller of data analytics software, recently closed a $1 billion funding round with a valuation above $100 billion.

The successful IPO of Knorex Ltd highlights the continued interest and investment in AI-driven technologies. As the market for AI solutions continues to grow, companies like Knorex Ltd are well-positioned to benefit from the increasing demand for innovative digital advertising solutions.

References
AI chip company Cerebras raises $1 billion in pre-IPO funding round^[1] https://www.cnbc.com/2025/09/30/ai-chip-company-cerebras-raises-1-billion-in-pre-ipo-funding-round.html