Technology
Robot Maker Doubles in Debut After Biggest 2023 South Korea IPO
- Doosan Robotics raised 421 billion won via a popular offering
- Company’s shares surged as much as 160% in Seoul on Thursday
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Doosan Robotics Inc. nearly doubled in its trading debut in Seoul after raising 421 billion won ($312 million) in South Korea’s largest initial public offering this year.
Shares of the robot maker closed their first day 98% higher at 51,400 won, after surging as much as 160% intraday. The company, with Seoul-listed Doosan Co. as its biggest shareholder, last month sold 16.2 million shares at 26,000 won each, the top of a marketed price range.