Doosan Robotics Values IPO at KRW 421B for 16.2 Million Shares

Doosan Robotics Inc of South Korea has filed for an initial public offering of up to $318 million, according to a company filing. The top Korean collaborative robot supplier began accepting subscriptions for a total of 16.2 million shares on August 28 at a price range of 21,000 won to 26,000 won.

The company hopes to raise up to 421.2 billion won ($318.3 million) through the IPO, with a market capitalization of up to 1.69 trillion won.

According to Doosan Robotics' regulatory filing, the international bookbuilding will take place from August 28 to September 15, while the domestic book will be open from September 11 to September 15.

On September 19, pricing will be announced. Korea Investment & Securities and Mirae Asset Securities are the co-lead underwriters. The company received approval for the IPO from the Korean bourse earlier this month.