SEOUL, Oct. 5 (Yonhap) — Doosan Robotics Inc., South Korea’s premier collaborative robot supplier, experienced a successful entrance to the stock market Thursday after its biggest initial public offering (IPO) of the year.
Doosan Robotics was trading at 50,900 won (US$38) on the Seoul Stock Exchange as of 9:20 a.m., increasing 97 percent from its IPO price of 26,000 won. Its market capitalization was around 3.48 trillion won.
Doosan Robotics raised 421 billion won via the IPO, setting a record for 2021.
During a two-day subscription period last month, Doosan Robotics drew 33 trillion won in deposits for the IPO subscription from retail investors, another record for the year.
Doosan Robotics, established in 2015, has 13 collaborative robot lineups, mainly used for unmanned cafes.
Last year, the company reported an operating loss of 13.2 billion won on sales of 44.9 billion won.
In this photo provided by Doosan Robotics Inc. on April 17, 2023, the company shows one of its collaborative robots used for the food and beverage business. (PHOTO NOT FOR SALE) (Yonhap)
sam@yna.co.kr
(END)