South Korea's Doosan Robotics prices IPO at top of range (updated)

Doosan

19/09/2023 08:46

(Adds IPO size in paragraph 1, company description in paragraph
2)
    By Joyce Lee
       SEOUL, Sept 19 (Reuters) - South Korea's Doosan Robotics
is set to raise 421.2 billion won  ($317 million) in an initial
public offering (IPO) after pricing the deal at the top of its
marketed range.
        The company is a leading maker of so-called
collaborative robots that work side-by-side with humans such as
robot arms in factories that perform assembling, loading and
welding jobs.
        The offering for institutional investors was priced at
26,000 won per share compared with a range of 21,000 to 26,000
won. Sales to retail investors at the same price will be
completed later this week.
        The company is due to make its market debut on Oct. 5. 
    ($1 = 1,327.6200 won)

 (Reporting by Joyce Lee; editing by Muralikumar Anantharaman
and Edwina Gibbs)
 ((joyce.lee@tr.com;))