Angel Robotics Attracts 9 Trillion Won in Margin Deposits... Successful General Subscription Boom

Angel Robotics, a wearable robot specialist company that attracted initial investment from LG Electronics, succeeded in its public subscription by drawing about 9 trillion won.

According to the financial investment industry and the lead underwriter NH Investment & Securities on the 15th, the competition rate was recorded at 2242 to 1 after the two-day public subscription from the 14th to the 15th.

The competition rate is calculated by dividing the number of subscription applications (896,806,430 shares) by the allocated quantity (400,000 shares).

The subscription deposit, which requires paying half of the order amount in advance, was recorded at about 8.97 trillion won. The number of subscription applications was about 542,000.

Earlier, Angel Robotics confirmed its public offering price at 20,000 won, exceeding the upper limit of the desired range (15,000 won), through demand forecasting for institutional investors conducted over five business days until the 12th.

Angel Robotics is a wearable robot specialist company that gained recognition by attracting seed investment (initial investment) from LG Electronics before its establishment.

In 2020, it participated in the 2nd Cybathlon, an international cyborg Olympics, and won first place. The Cybathlon is a cyborg competition where patients with complete lower limb paralysis wear wearable robots and overcome various terrains and obstacles while racing.

Currently, it has formed business partnerships with companies including LG Electronics, Samsung Electronics, and CJ Logistics.