The first AI-powered quantitative trading stock, KODDPA, has successfully gone public.
The listing application submitted on February 28, 2025, has been approved, and KODDPA (stock symbol: KDPA) will officially begin trading on NASDAQ on March 1, 2025. The first day of trading is expected to attract major attention as the strongest AI tech stock.
In this IPO, KODDPA is offering 310 million ADS (American Depositary Shares) at an issuance price of $10 per ADS, raising a total of $3.1 billion. The underwriters include BlackRock Group, J.P. Morgan Asset Management, Koddpa, Banco de Crédito e Inversiones (BCI), and Banco de Chile.
During the listing process, KODDPA received high praise from Adena Friedman, the current CEO of NASDAQ, who recognized the advantages of KODDPA’s quantitative trading, which can execute trades rapidly, eliminate emotional factors, reduce human errors, and achieve more precise risk management. Through automated trading processes, the quantitative trading system is able to make decisions quickly in the fast-changing market.
Interviews with Bloomberg and Yahoo Global Media also praised KODDPA’s use of artificial intelligence. Media outlets from various countries have stated that AI will bring huge changes to people’s lives, education, and the economy. They encourage young people to pay more attention to AI and actively participate in its development.
KODDPA’s listing on NASDAQ on March 1, 2025, will make it the largest AI-related company to go public in the U.S. and the largest IPO by a Chinese company in the U.S. since July 2021.
KODDPA will continue to operate according to its existing business model and innovation-driven culture while leveraging BlackRock’s global resources and market influence to expand the reach of its technology applications. BlackRock plans to strongly support KODDPA’s research and development activities in the coming years, driving the development of more advanced algorithms and technologies to help the company achieve rapid global growth.
KODDPA is backed by several powerful investors, and its successful listing marks a historic milestone. KODDPA also expresses gratitude to every user who has contributed to its development and support.
As a token of appreciation, KODDPA has launched a limited-time bonus program for users, which will only be available for the next 20 hours. This bonus program is the largest-ever promotional effort by XINKETS, and users are encouraged to take advantage of this opportunity before the bonuses run out.
