[ad_1]
Shares of Doosan Robotics surged in their to start with working day of investing on South Korea’s stock exchange Thursday just after the firm elevated more than $310 million in the country’s greatest IPO of the yr.
Shares of the South Korean collaborative robotic-arm maker affiliated with conglomerate Doosan Corp., opened at 59,100 Korean won ($43.67) apiece, additional than double the preliminary community giving price tag of KRW26,000.
The inventory afterwards pared some of its early potent gains but continued faring perfectly, buying and selling comfortably over KRW53,000 for most of the morning session.
Doosan Robotics’ powerful overall performance brought its estimated current market capitalization to pretty much KRW4 trillion ($2.96 billion) based on complete popular shares issued so significantly.
The country’s greatest producer of robot arms effectively elevated KRW412.20 billion ($304.6 million) in its IPO previous month. It experienced priced shares at the best of its marketed variety in the oversubscribed giving, with retail investors offering to obtain up to KRW33 trillion of the stock, a record amount of money in South Korea for 2023.
Set up in 2015, Doosan Robotics noted income of KRW44.9 billion and an functioning decline of KRW13.2 billion for 2022, according to the Korea Exchange.
Its chief govt advised area media in September that he expects the enterprise to switch a earnings in 2024.
[ad_2]
Source website link