TXR Robotics Confirms IPO Price at 13,500 Won

TXR Robotics, which is pursuing a listing on the KOSDAQ market, announced on the 7th that it has finalized the public offering price at 13,500 KRW.

TXR Robotics, a robot and logistics automation specialist company affiliated with Eugene Group, conducted a demand forecast for institutional investors from February 26 to March 5. The competition rate was recorded at 862.62 to 1.

99.9% of all participating institutions offered prices at or above the upper limit of the desired public offering price range of 11,500 to 13,500 KRW. The proportion of those who offered prices exceeding the upper limit reached 12.3%. Based on the finalized public offering price of 13,500 KRW, the total public offering amount is approximately 41.5 billion KRW, and the expected market capitalization after listing is about 208.6 billion KRW.

Um Inseop, CEO of TXR Robotics, said, "We received positive evaluations due to not only the promising industry growth but also our solid performance record based on our proprietary robot and logistics automation technology."

He added, "After the listing, we will further strengthen our business capabilities to appropriately meet the exponentially increasing automation demand in industrial sites," and expressed his ambition, saying, "We will leap forward as a leading company in the global industrial automation sector."