SEOUL, Oct. 1 (Yonhap) — Doosan Robotics Inc., South Korea’s top collaborative robot supplier, is anticipated to have a triumphant stock market launch this week, with individual investors placing the highest deposits this year for its initial public offering (IPO).
Doosan Robotics, planned to kick off on the local stock market on Thursday, set its IPO price at the upper end of 26,000 won (US$19) amid intense interest from institutional investors.
During a two-day IPO subscription period, Doosan Robotics garnered a total of 33 trillion won in deposits for IPO subscription from retail investors, a record for the year.
Doosan Robotics is aiming to raise 421 billion won via the IPO, a record IPO so far this year, with its market capitalization reaching at least 1.69 trillion won on its debut.
Doosan Robotics, set up in 2015, has a total of 13 collaborative robot lineups, mainly used for unmanned cafes.
Last year, the company endured 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)
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