Doosan Robotics IPO Price Set at 26,000 Won... Scheduled to Be Listed on the 5th of Next Month

Collaborative Robot Flagship Product...Estimated Market Capitalization of 1.7 Trillion Won

On the 22nd, visitors are observing Doosan Robotics' logistics stacking robot at the '2019 Korea Industry Fair' held at KINTEX in Goyang-si, Gyeonggi Province.
Photo by Kim Hyun-min, Goyang

Doosan Robotics, which is scheduled to go public next month, announced on the 19th that it has set the public offering price at the top end of the desired range, 26,000 KRW.

A total of 1,920 institutions participated in the five-day demand forecast period ending on the 15th, recording a competition rate of 272 to 1. Among them, 1,660 were domestic institutions and 260 were overseas institutions, applying for a total of 2.42 billion shares.

The total public offering amount is 421.2 billion KRW, and the expected market capitalization after listing is 1.6853 trillion KRW.

When converting the number of shares participating in the demand forecast into the public offering price, the amount involved in the demand forecast reaches approximately 63 trillion KRW, making it the largest scale this year, according to the company.

Founded in 2015, Doosan Robotics is a robot manufacturing specialist company affiliated with Doosan, with collaborative robots such as unmanned cafe operation robots as its main products. Collaborative robots are designed to work in the same space as humans and physically interact with them.

The company plans to use the funds raised after listing to establish partnerships with overseas companies and develop a range of robot products that can be used in various environments.

After the general subscription on the 21st and 22nd, the company is scheduled to be listed on the KOSPI market on the 5th of next month.

The lead underwriters are Mirae Asset Securities and Korea Investment & Securities, with KB Securities, NH Investment & Securities, and CS Securities as joint underwriters. Four securities firms, including Hana Securities, participated as the underwriting consortium.

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