Clobot, a service robot software specialist company, announced on the 15th that the public offering price was set at 13,000 KRW, exceeding the upper limit of the desired range (9,400 to 10,900 KRW) based on the demand forecast results from institutional investors.
A total of 2,414 domestic and international institutions participated, making it the largest number of institutions involved in a single stock initial public offering (IPO) to date. The competition rate was 933.85 to 1.
It was found that 95.3% of the participating institutions offered prices at or above the confirmed upper limit of the public offering price.
Clobot's total public offering amount is 39 billion KRW, and the market capitalization after listing is approximately 311.4 billion KRW.
Founded in 2017, Clobot specializes in producing general-purpose robot indoor autonomous driving software and heterogeneous robot control software.
The public subscription for general investors will be held from the 16th to the 17th of this month, and the scheduled listing date is the 28th. The lead underwriter is Mirae Asset Securities.
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