DOBOT plans to go public on the Shenzhen Stock Exchange with an estimated fundraising of 1.2 billion RMB
DOBOT (02432.HK) announced that it plans to apply for an initial public offering of A shares and list on the Shenzhen Stock Exchange, with the number of shares to be issued not exceeding 48.8839 million A shares. The expected net fundraising amount is 1.2 billion RMB, which is intended for the research and development and industrialization projects of multi-legged robots, the technology enhancement project of humanoid robots, the marketing capability enhancement construction project, and to supplement working capital
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