Knorex Ltd., an AI-driven digital advertising company, started trading on the NYSE American on Monday at $4 per share, which is the same as its IPO price. The company raised $12 million by selling 3 million shares at $4 each, before fees.
The underwriters have a 45-day option to buy up to 450,000 more shares if needed. The offering is expected to close on September 30, 2025. R.F. Lafferty & Co. led the offering, with Craft Capital Management as co-manager.
Knorex was founded in 2009 and is based in Singapore. Its platform, Knorex XPO, uses AI to help marketers run campaigns across social media, search, connected TV, video, audio, display, native, and digital out-of-home advertising.
The company has operations in the U.S., Vietnam, India, Malaysia, and Singapore, serving enterprises, agencies, and brands around the world.
