South Korean firm Doosan Robotics Inc., led by Ryu Junghoon, is preparing for its debut on the stock market after securing 421 billion won ($310 million) in the nation's largest initial public offering (IPO) this year. The shares are set to be priced at 26,000 won each.
The Suwon-based company, recognized for its lineup of 13 specialized robotic arms capable of performing a variety of tasks from serving beer to handling luggage, has ambitious plans for strategic acquisitions and overseas expansion.
A significant part of Doosan Robotics' growth strategy involves its collaboration with tech giant Microsoft Corp (NASDAQ:MSFT). The partnership leverages Microsoft's Azure OpenAI service and a GPT-based system to enhance the functionality of Doosan's robots, pushing the boundaries of their capabilities.
This IPO marks a significant milestone for Doosan Robotics, highlighting the growing interest in automation and robotics in South Korea and beyond. As the company continues to innovate and expand, industry watchers will be keenly observing how this IPO influences its strategic moves in the global robotics market.
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