[IPO] Doosan Robotics "Largest Collaborative Robot Lineup in Industry... Accelerating Ecosystem Building"

"Doosan Robotics will accelerate the establishment of an ecosystem encompassing the entire collaborative robot market through the advancement of technology and strengthening of software platforms."

On the 14th, Doosan Robotics CEO Ryu Jeong-hoon held a press conference at 63 Square in Yeouido, attended by key executives, to announce future strategies and vision following the company's listing on the KOSPI market.

Founded in 2015, Doosan Robotics is a company expanding from its core business of high-quality collaborative robots to various solution packages and platform software businesses. Since launching its products in 2018, it has demonstrated the fastest growth in the global market, achieving the No. 1 market share domestically and ranking 4th globally (excluding China).

This steep growth of Doosan Robotics stems from the company's core competencies: ▲ possession of advanced technology ▲ the industry's largest lineup ▲ and a solid overseas sales network.

The core business model of Doosan Robotics, collaborative robots, are designed to work in the same space as humans and physically interact with them. Approximately 40% of Doosan Robotics' employees are research and development (R&D) personnel, focusing on technological advancement. Notably, the company has succeeded in developing industry-leading force sensing and collision sensitivity technologies independently.

Because of this, Doosan Robotics explains that its collaborative robots possess unparalleled precision task performance compared to competitors and have proactively obtained the highest-level ISO safety certifications, including PLe and Cat4, proving their advanced technology.

Based on this, Doosan Robotics has developed numerous collaborative robots with various payloads and working radii, establishing the industry's largest lineup. This includes the M Series (4 models) equipped with torque sensors on all six rotational axes, the H Series (2 models) capable of carrying heavy loads up to 25 kg, the A Series (6 models) offering industry-leading speed at a reasonable price, and the E Series (1 model) specialized for the F&B industry, certified by the U.S. National Sanitation Foundation (NSF) for food hygiene safety. With a total of 13 collaborative robot models, the company is expanding its business into diverse fields such as manufacturing, services, and healthcare. Last year, it achieved a 72% market share in the collaborative robot segment with payloads over 20 kg.

Doosan Robotics has driven higher growth through its proprietary advanced technology and a robust global network. With sales channels in over 40 countries and more than 100 domestic and international sales channels, the company generates over 60% of its total revenue from overseas markets (North America, Europe, etc.). From 2018 to 2022, it recorded a compound annual growth rate (CAGR) of 46.1%, demonstrating steady growth. Leveraging this momentum, Doosan Robotics established a sales corporation in Texas, USA, in May last year to continuously expand overseas sales channels and drive external growth.

After listing, Doosan Robotics plans to launch various payload lineups to enhance customer satisfaction and develop models suitable for use in diverse environments. The company will also focus on securing high-quality references through partnerships with global companies for solution development and sales, and actively pursue the expansion of overseas sales channels to support business growth.

CEO Ryu Jeong-hoon of Doosan Robotics stated, "The collaborative robot market and our company are growing rapidly because these robots can be safely applied across various industries and people's lives. Through this listing, the company aims to dominate the B2B robot market in the short term and expand into B2C in the long term, growing into a global comprehensive robot solution company."

Meanwhile, Doosan Robotics plans to offer 16.2 million shares in this IPO. The expected offering price ranges from 21,000 to 26,000 KRW per share, with a total anticipated offering amount of 340.2 billion to 421.2 billion KRW. The demand forecast will be conducted over five days until the 15th, followed by general subscription from the 21st to 22nd, with the listing scheduled on the KOSPI on October 5. The lead underwriters are Mirae Asset Securities and Korea Investment & Securities, with KB Securities, NH Investment & Securities, and CS Securities serving as joint underwriters.