Paul Hastings Advised Underwriters on Doosan Robotics’ US$317 Million IPO and Listing on the Korea Exchange
October 06, 2023
Paul Hastings LLP advised the underwriters, consisting of Korea Investment & Securities and Mirae Asset Securities as joint global coordinators and joint bookrunners, Credit Suisse, KB Securities and NH Investment & Securities as joint bookrunners, and UBS as co-manager, on the US$317 million (KRW421.2 billion) initial public offering of common shares of Doosan Robotics, which was conducted in reliance upon Regulation S under the U.S. Securities Act of 1933, as amended. The shares were listed on the Korea Exchange on October 5, 2023.
Doosan Robotics, headquartered in South Korea, is a leading collaborative robot (cobot) manufacturer, empowering people to achieve higher levels of efficiency and creating immediate productivity gains for organizations. Based on revenue from the sale of cobots, in 2022, Doosan Robotics had the largest market share in Korea and the fourth largest market share globally excluding China.
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