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Robotics Firm AutoStore Plans IPO at $10 Billion Value

  • TH Lee, SoftBank-backed company makes robots for warehouses
  • Listing could take place in Europe as soon as this year
AutoStore automated warehouse robots.
AutoStore automated warehouse robots.Photographer: Liesa Johannssen-Koppitz/Bloomberg
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AutoStore is weighing an initial public offering that could value the Norwegian warehouse robotics company at more than $10 billion, according to people familiar with the matter.

The company is working with Morgan Stanley and JPMorgan Chase & Co. on the planned listing, which could come as soon as this year, the people said, asking not to be identified discussing confidential information. More banks could get added to the roster at a later date. While the venue for the IPO hasn’t been confirmed, AutoStore is leaning toward listing on a European exchange, the people said.