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South Korea's Doosan Robotics shares jump in trading debut
  + stars: | 2023-10-05 | by ( ) www.reuters.com   time to read: 1 min
SEOUL, Oct 5 (Reuters) - Shares in South Korea's Doosan Robotics (454910.KS) soared above their initial public offering (IPO) price in the company's market debut on Thursday based on investors' bullish outlook for the collaborative robot maker. The company raised 421.2 billion won ($317 million) in South Korea's IPO this year, having priced the shares at 26,000 won each, the top of the price range flagged to investors. Doosan Robotics shares opened at 59,100 won each and rose to as much as 67,600 won in early trade, more than twice the IPO price. The company is a leading maker of so-called collaborative robots that work side-by-side with humans such as robot arms that can perform assembling, loading and welding tasks. Reporting by Joyce Lee; Additional reporting by Scott Murdoch; Editing by Tom Hogue and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.
Persons: Joyce Lee, Scott Murdoch, Tom Hogue, Jamie Freed Organizations: South Korea's Doosan Robotics, Doosan Robotics, Thomson Locations: SEOUL, South, KS
South Korea's Doosan Robotics prices IPO at top of range
  + stars: | 2023-09-19 | by ( Joyce Lee | ) www.reuters.com   time to read: 1 min
SEOUL, Sept 19 (Reuters) - South Korea's Doosan Robotics is set to raise 421.2 billion won ($317 million) in an initial public offering (IPO) after pricing the deal at the top of its marketed range. The company is a leading maker of so-called collaborative robots that work side-by-side with humans such as robot arms in factories that perform assembling, loading and welding jobs. The offering for institutional investors was priced at 26,000 won per share compared with a range of 21,000 to 26,000 won. Sales to retail investors at the same price will be completed later this week. ($1 = 1,327.6200 won)Reporting by Joyce Lee; editing by Muralikumar Anantharaman and Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.
Persons: 1,327.6200, Joyce Lee, Muralikumar Anantharaman, Edwina Gibbs Organizations: Korea's Doosan Robotics, Thomson Locations: SEOUL
South Korea's Doosan Robotics opens books for $318 mln IPO
  + stars: | 2023-08-28 | by ( ) www.reuters.com   time to read: +1 min
SEOUL, Aug 28 (Reuters) - South Korea's Doosan Robotics Inc has opened the books on an up to $318 million initial public offering, according to a company filing. Through the IPO, the company is seeking to raise up to 421.2 billion won ($318.3 million), with its market capitalisation expected to be up to 1.69 trillion won. The international bookbuilding will run from Aug. 28 to Sept. 15, while the domestic book will be open Sept. 11-15, Doosan Robotics' regulatory filing said. The company received approval for the IPO from the Korean bourse earlier this month. ($1 = 1,323.2200 won)Reporting by Ju-min Park; Editing by Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.
Persons: 1,323.2200, Stephen Coates Organizations: Korea's Doosan Robotics Inc, Doosan Robotics, underwriters, Korea Investment & Securities, Mirae Asset Securities, bourse, Thomson Locations: SEOUL, Korean
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