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