Doosan Robotics: South Korea’s largest IPO this year

<img width="250" height="141" src="https://www.leaprate.com/wp-content/uploads/2023/10/FIN-LP-Doosan-Robotics-South-Koreas-largest-IPO-iStock-1410073055-250×141.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Robotic arm" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2023/10/FIN-LP-Doosan-Robotics-South-Koreas-largest-IPO-iStock-1410073055-250×141.jpg 250w, https://www.leaprate.com/wp-content/uploads/2023/10/FIN-LP-Doosan-Robotics-South-Koreas-largest-IPO-iStock-1410073055-700×394.jpg 700w, https://www.leaprate.com/wp-content/uploads/2023/10/FIN-LP-Doosan-Robotics-South-Koreas-largest-IPO-iStock-1410073055-768×432.jpg 768w, https://www.leaprate.com/wp-content/uploads/2023/10/FIN-LP-Doosan-Robotics-South-Koreas-largest-IPO-iStock-1410073055-120×68.jpg 120w, https://www.leaprate.com/wp-content/uploads/2023/10/FIN-LP-Doosan-Robotics-South-Koreas-largest-IPO-iStock-1410073055-245×138.jpg 245w, https://www.leaprate.com/wp-content/uploads/2023/10/FIN-LP-Doosan-Robotics-South-Koreas-largest-IPO-iStock-1410073055-500×281.jpg 500w, https://www.leaprate.com/wp-content/uploads/2023/10/FIN-LP-Doosan-Robotics-South-Koreas-largest-IPO-iStock-1410073055.jpg 1365w" sizes="(max-width: 250px) 100vw, 250px" /><p>The company, which harnesses robotics to produce things such as coffee and beer-pouring arms, priced its shares at 26,000 won each. At the start of trading, shares kicked off at 59,100 won each, 127% higher than the set IPO price. At one stage, the shares reached as much as 67,600 won.</p>
<p>Analysts attribute this positive reaction to pent-up demand for robotics stocks, as evident by the gains of smaller companies such as Rainbow Robotics, which recorded 312% gains so far this year. Doosan’s IPO trading success is a rarity, as many others struggled to stay above their debut prices a few days after listing.</p>
<p>According to LSEG data, South Korean companies have raised roughly $1.7bn in new proceeds in 2023. This figure pales compared to the approximate $12.7bn raised over the same period in 2022.</p>
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<p>Last year, LG Energy Solution, a battery maker, shook up the <a href="https://www.leaprate.com/forex/regulations/bithumb-teams-up-with-chainalysis-as-korean-regulations-become-tighter/" target="_blank" rel="noopener">South Korean market</a> when it raised $10.8bn with its IPO – the largest this country has ever seen. Experts stated that investor interest in the Doosan’s listing exceeded expectations, especially since global interest hikes damaged share sales.</p>
<p>They believe Doosan can capitalise on labour shortages as its innovations fill some of these gaps. Analysts also predict a global robot market growth of an estimated $2.157bn by 2025.</p>
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