Doosan Robotics Submits Securities Registration Statement... Expected Market Capitalization 1.7 Trillion Won

Doosan Robotics, the domestic leader in the collaborative robot market share, submitted a securities registration statement to the Financial Services Commission on the 23rd, officially starting the public offering process for listing on the KOSPI. Based on the expected price range, the anticipated market capitalization is between 1.3612 trillion and 1.6853 trillion KRW.

Doosan Robotics plans to offer 16.2 million shares. The expected offering price is between 21,000 and 26,000 KRW per share, with a total anticipated public offering size of 340.2 billion to 421.2 billion KRW. The demand forecast will take place from the 11th to the 15th of next month, and the general subscription will be conducted over two days starting on the 21st of next month. The lead underwriters for the listing are Mirae Asset Securities and Korea Investment & Securities, with KB Securities, NH Investment & Securities, and CS Securities serving as joint underwriters.

Founded in 2015, Doosan Robotics is the number one company in the domestic collaborative robot market share. It ranks fourth in overseas markets excluding China. Doosan Robotics generates more than 60% of its total sales overseas through over 100 sales channels in more than 40 countries. In May of last year, it established a sales corporation in Texas, USA, continuously expanding its overseas market presence.

Doosan Robotics currently offers ▲ four M-series lineups equipped with torque sensors on all six rotational axes ▲ two H-series lineups capable of handling heavy payloads of 25 kg ▲ six A-series lineups that achieve the industry's highest speed at a reasonable price ▲ and one E-series lineup specialized for the F&B industry, certified by the U.S. sanitation safety agency NSF for food hygiene and safety.

From 2021 to 2022, Doosan Robotics surpassed an annual cumulative sales volume of 1,000 collaborative robots for two consecutive years. This year, sales are increasing overseas in Europe, the United States, and Asia.

Doosan Robotics will use the funds raised through the listing to strengthen research and development and production capabilities. By advancing technology and enhancing its software platform, it aims to build an ecosystem encompassing the entire collaborative robot market.

Doosan Robotics CEO Ryu Jeong-hoon stated, "Doosan Robotics has expanded its scope from various collaborative robot solutions in manufacturing and food tech to developing software platforms." He added, "Through the IPO, Doosan Robotics will further advance its collaborative robot hardware and software and establish itself as a leading company applying collaborative robots across diverse industries."

This content was produced with the assistance of AI translation services.