South Korea's Doosan Robotics shares jump in trading debut (updated)

Doosan Robotics

05/10/2023 01:14

(Adds share price, IPO background)
       SEOUL, Oct 5 (Reuters) - Shares in South Korea's Doosan
Robotics  454910.KS  soared above their initial public offering
(IPO) price in the company's market debut on Thursday based on
investors' bullish outlook for the collaborative robot maker. 
    The company raised 421.2 billion won ($317 million) in South
Korea's IPO this year, having priced the shares at 26,000 won
each, the top of the price range flagged to investors.
    Doosan Robotics shares opened at 59,100 won each and rose to
as much as 67,600 won in early trade, more than twice the IPO
price. 
    The company is a leading maker of so-called collaborative
robots that work side-by-side with humans such as robot arms
that can perform assembling, loading and welding tasks.

 (Reporting by Joyce Lee; Additional reporting by Scott Murdoch;
Editing by Tom Hogue and Jamie Freed)
 ((joyce.lee@tr.com;))