Korea’s Biggest IPO: Doosan Robotics' Beer-Serving Bots

Korea’s Biggest IPO: Doosan Robotics’ Beer-Serving Bots

Time Stamp: October 6, 2023 5:51 AM
Source Node: 2923688

In South Korea’s largest IPO of the year Doosan Robotics’s growth is
driven by robots that serve beer, coffee, and more.

In a world where robots are slowly becoming our everyday companions,
South Korea’s largest initial public offering (IPO) of the year took a
refreshing twist. Doosan Robotics
Inc., the mastermind behind robots that can expertly pour your beer, brew
your coffee, and even whip up some crispy fried chicken, made its dazzling
debut on the Seoul stock exchange on October 5th, raising a staggering $312
million. It’s like a sci-fi film script, but it’s very real. Johnny 5
would be proud.

Doosan Robotics robots are stealing the spotlight in South Korea. These
aren’t just any robots; they’re the kind that brings you a cold brew on a
scorching day or prepares your morning cappuccino with precision. With the
promise of transforming the future of factories, Doosan Robotics’ value
skyrocketed on its first day of trading, with shares nearly doubling from
$19.29 to $38.13. Intraday fluctuations even hit an astounding 160%.

Leading the Robo-Revolution

Founded in 2015, Doosan Robotics has quickly risen to prominence as a
frontrunner in the world of collaborative robots, affectionately known as “cobots” among industry insiders. Leveraging South Korea’s impressive
tech prowess, the company is captivating investors with its vision. According
to the International Federation of Robotics (IFR), South Korea boasts the fourth largest instllation base of robots in the world, behind only the US, China, and Japan.

Doosan’s robots are not confined to bars and coffee shops in Seoul.
They’re also making life easier at airports, where they work alongside humans
to expedite luggage handling. But Doosan Robotics isn’t stopping there. They’re
embracing generative artificial intelligence, thanks to a groundbreaking
collaboration with Microsoft for a GPT-based robot control system. Imagine a
robot completing tasks with just a simple voice command, no human intervention
required. Alexa, eat your heart out.

A Growing Market

In 2022, Doosan reported $33.3 million in revenue, evenly spread across
North America, Europe, and South Korea. CEO Ryu Junghoon intends to use the IPO
proceeds to acquire robotics firms specializing in mobility and expand the
company’s global footprint. “This is a market that’s starting to take
off,” Junghoon
told Bloomberg. “It’s possible more companies will emerge in this
space.”

According to a July
report by Markets and Markets, the global cobot market, where Doosan
competes with the likes of Denmark’s Universal Robots and Japan’s Fanuc, could
reach a staggering $6.8 billion by 2029, soaring from $1.2 billion this year.
It’s clear that Doosan Robotics is leading the charge into a robotic future that’s
as exciting as it is revolutionary.

So, while you enjoy your robot-served coffee and crispy chicken,
remember to say please and thank you, because you want to be on their good side
when the machines take over the world.

In South Korea’s largest IPO of the year Doosan Robotics’s growth is
driven by robots that serve beer, coffee, and more.

In a world where robots are slowly becoming our everyday companions,
South Korea’s largest initial public offering (IPO) of the year took a
refreshing twist. Doosan Robotics
Inc., the mastermind behind robots that can expertly pour your beer, brew
your coffee, and even whip up some crispy fried chicken, made its dazzling
debut on the Seoul stock exchange on October 5th, raising a staggering $312
million. It’s like a sci-fi film script, but it’s very real. Johnny 5
would be proud.

Doosan Robotics robots are stealing the spotlight in South Korea. These
aren’t just any robots; they’re the kind that brings you a cold brew on a
scorching day or prepares your morning cappuccino with precision. With the
promise of transforming the future of factories, Doosan Robotics’ value
skyrocketed on its first day of trading, with shares nearly doubling from
$19.29 to $38.13. Intraday fluctuations even hit an astounding 160%.

Leading the Robo-Revolution

Founded in 2015, Doosan Robotics has quickly risen to prominence as a
frontrunner in the world of collaborative robots, affectionately known as “cobots” among industry insiders. Leveraging South Korea’s impressive
tech prowess, the company is captivating investors with its vision. According
to the International Federation of Robotics (IFR), South Korea boasts the fourth largest instllation base of robots in the world, behind only the US, China, and Japan.

Doosan’s robots are not confined to bars and coffee shops in Seoul.
They’re also making life easier at airports, where they work alongside humans
to expedite luggage handling. But Doosan Robotics isn’t stopping there. They’re
embracing generative artificial intelligence, thanks to a groundbreaking
collaboration with Microsoft for a GPT-based robot control system. Imagine a
robot completing tasks with just a simple voice command, no human intervention
required. Alexa, eat your heart out.

A Growing Market

In 2022, Doosan reported $33.3 million in revenue, evenly spread across
North America, Europe, and South Korea. CEO Ryu Junghoon intends to use the IPO
proceeds to acquire robotics firms specializing in mobility and expand the
company’s global footprint. “This is a market that’s starting to take
off,” Junghoon
told Bloomberg. “It’s possible more companies will emerge in this
space.”

According to a July
report by Markets and Markets, the global cobot market, where Doosan
competes with the likes of Denmark’s Universal Robots and Japan’s Fanuc, could
reach a staggering $6.8 billion by 2029, soaring from $1.2 billion this year.
It’s clear that Doosan Robotics is leading the charge into a robotic future that’s
as exciting as it is revolutionary.

So, while you enjoy your robot-served coffee and crispy chicken,
remember to say please and thank you, because you want to be on their good side
when the machines take over the world.

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