Doosan Robotics specialises in robotic arms that work alongside humans on tasks beyond factory floors.
Doosan Robotics’s strong debut entry signals investor interest in South Korea’s tech sector, the world’s leading adopter of robotics.
The debut signals strong investor appetite for the sector in tech-savvy South Korea, which is the world’s top robot adopter, employing 10 manufacturing workers for every industrial robot. Kosdaq-listed startup Rainbow Robotics and stocks of other robotics companies that had surged recently on domestic demand also dropped Thursday.
“The local IPO market is definitely seeing a recovery,” said An Hyungjin, a fund manager at Billionfold Asset Management. “There were expectations that the stock would at least double as the robotics theme was getting a huge attention.”
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