Technology
Beer-Serving Robots Drive Robust Demand for Korea’s Biggest IPO
- Doosan Robotics set to debut after strong demand for IPO stock
- CEO says collaborative robots are coming out of factory
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Doosan Robotics Inc. is poised to make its market debut on Thursday after raising 421 billion won ($310 million) in South Korea’s biggest initial public offering of the year.
The Suwon-based company, the country’s largest maker of what are known as collaborative robots, priced shares at 26,000 won apiece, at the top of the marketed range. Retail investors offered to buy as much as 33 trillion won of the stock, a record for the year, according to the company.