In South Korea’s largest IPO of the 12 months Doosan Robotics’s development is
pushed by robots that serve beer, espresso, and extra.
In a world the place robots are slowly turning into our on a regular basis companions,
South Korea’s largest preliminary public providing (IPO) of the 12 months took a
refreshing twist. Doosan Robotics
Inc., the mastermind behind robots that may expertly pour your beer, brew
your espresso, and even whip up some crispy fried rooster, made its dazzling
debut on the Seoul inventory trade on October fifth, elevating a staggering $312
million. It is like a sci-fi movie script, however it’s very actual. Johnny 5
can be proud.
Doosan Robotics robots are stealing the highlight in South Korea. These
aren’t simply any robots; they’re the type that brings you a chilly brew on a
scorching day or prepares your morning cappuccino with precision. With the
promise of remodeling the way forward for factories, Doosan Robotics’ worth
skyrocketed on its first day of buying and selling, with shares practically doubling from
$19.29 to $38.13. Intraday fluctuations even hit an astounding 160%.
South Korea’s Doosan Robotics shares leap 127% in buying and selling debut https://t.co/4xD6duUfEq pic.twitter.com/QBhXuo2CWf
— Reuters (@Reuters) October 5, 2023
Main the Robo-Revolution
Based in 2015, Doosan Robotics has rapidly risen to prominence as a
frontrunner on the planet of collaborative robots, affectionately often known as
“cobots” amongst trade insiders. Leveraging South Korea’s spectacular
tech prowess, the corporate is charming buyers with its imaginative and prescient. In accordance
to the Worldwide Federation of Robotics (IFR), South Korea boasts the fourth largest instllation base of robots on the planet, behind solely the US, China, and Japan.
Doosan’s robots usually are not confined to bars and occasional retailers in Seoul.
They’re additionally making life simpler at airports, the place they work alongside people
to expedite baggage dealing with. However Doosan Robotics is not stopping there. They’re
embracing generative synthetic intelligence, because of a groundbreaking
collaboration with Microsoft for a GPT-based robotic management system. Think about a
robotic finishing duties with only a easy voice command, no human intervention
required. Alexa, eat your coronary heart out.
A Rising Market
In 2022, Doosan reported $33.3 million in income, evenly unfold throughout
North America, Europe, and South Korea. CEO Ryu Junghoon intends to make use of the IPO
proceeds to amass robotics corporations specializing in mobility and develop the
firm’s world footprint. “This can be a market that is beginning to take
off,” Junghoon
instructed Bloomberg. “It is potential extra corporations will emerge on this
area.”
In accordance with a July
report by Markets and Markets, the worldwide cobot market, the place Doosan
competes with the likes of Denmark’s Common Robots and Japan’s Fanuc, may
attain a staggering $6.8 billion by 2029, hovering from $1.2 billion this 12 months.
It is clear that Doosan Robotics is main the cost right into a robotic future that is
as thrilling as it’s revolutionary.
So, when you get pleasure from your robot-served espresso and crispy rooster,
bear in mind to say please and thanks, since you need to be on their good facet
when the machines take over the world.
In South Korea’s largest IPO of the 12 months Doosan Robotics’s development is
pushed by robots that serve beer, espresso, and extra.
In a world the place robots are slowly turning into our on a regular basis companions,
South Korea’s largest preliminary public providing (IPO) of the 12 months took a
refreshing twist. Doosan Robotics
Inc., the mastermind behind robots that may expertly pour your beer, brew
your espresso, and even whip up some crispy fried rooster, made its dazzling
debut on the Seoul inventory trade on October fifth, elevating a staggering $312
million. It is like a sci-fi movie script, however it’s very actual. Johnny 5
can be proud.
Doosan Robotics robots are stealing the highlight in South Korea. These
aren’t simply any robots; they’re the type that brings you a chilly brew on a
scorching day or prepares your morning cappuccino with precision. With the
promise of remodeling the way forward for factories, Doosan Robotics’ worth
skyrocketed on its first day of buying and selling, with shares practically doubling from
$19.29 to $38.13. Intraday fluctuations even hit an astounding 160%.
South Korea’s Doosan Robotics shares leap 127% in buying and selling debut https://t.co/4xD6duUfEq pic.twitter.com/QBhXuo2CWf
— Reuters (@Reuters) October 5, 2023
Main the Robo-Revolution
Based in 2015, Doosan Robotics has rapidly risen to prominence as a
frontrunner on the planet of collaborative robots, affectionately often known as
“cobots” amongst trade insiders. Leveraging South Korea’s spectacular
tech prowess, the corporate is charming buyers with its imaginative and prescient. In accordance
to the Worldwide Federation of Robotics (IFR), South Korea boasts the fourth largest instllation base of robots on the planet, behind solely the US, China, and Japan.
Doosan’s robots usually are not confined to bars and occasional retailers in Seoul.
They’re additionally making life simpler at airports, the place they work alongside people
to expedite baggage dealing with. However Doosan Robotics is not stopping there. They’re
embracing generative synthetic intelligence, because of a groundbreaking
collaboration with Microsoft for a GPT-based robotic management system. Think about a
robotic finishing duties with only a easy voice command, no human intervention
required. Alexa, eat your coronary heart out.
A Rising Market
In 2022, Doosan reported $33.3 million in income, evenly unfold throughout
North America, Europe, and South Korea. CEO Ryu Junghoon intends to make use of the IPO
proceeds to amass robotics corporations specializing in mobility and develop the
firm’s world footprint. “This can be a market that is beginning to take
off,” Junghoon
instructed Bloomberg. “It is potential extra corporations will emerge on this
area.”
In accordance with a July
report by Markets and Markets, the worldwide cobot market, the place Doosan
competes with the likes of Denmark’s Common Robots and Japan’s Fanuc, may
attain a staggering $6.8 billion by 2029, hovering from $1.2 billion this 12 months.
It is clear that Doosan Robotics is main the cost right into a robotic future that is
as thrilling as it’s revolutionary.
So, when you get pleasure from your robot-served espresso and crispy rooster,
bear in mind to say please and thanks, since you need to be on their good facet
when the machines take over the world.
