NowRobotics announced on the 31st that it had received preliminary review approval for listing on KOSDAQ. With this approval, NowRobotics will begin the initial public offering (IPO) process in earnest.
Nowrobotics received preliminary approval for listing from the Korea Exchange on the 24th, and the lead manager for the listing is Daishin Securities. Based on this approval, the company is preparing to submit a securities report and plans to accelerate the KOSDAQ listing process.
Nowrobotics, established in 2016, is an intelligent robot company that develops various industrial robots such as retrieval robots, orthogonal robots, multi-joint robots, and scara robots, and also has a lineup of autonomous logistics robots. It also has robot motion control technology and hardware design technology, so it provides not only robots but also total robot solutions. The company has recorded stable sales growth every year, and in the second half of last year, it passed the small business special technology evaluation by receiving an A grade from an evaluation agency selected by the Korea Exchange.
NowRobotics plans to use the funds raised through this listing for ▲factory expansion, ▲equipment investment, ▲research and development and marketing, etc., and through this, accelerate overseas expansion and grow into a global robotics company.
Lee Jong-joo, CEO of Nowrobotics, said, “With the passing of the preliminary screening for listing, we will be able to continue on a smooth path toward listing on KOSDAQ, and then we will enter into full-scale public offering procedures, such as submitting a securities report.”
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