CMES AI Robotics IPO Preview
CMES AI Robotics is getting ready to complete its IPO on KOSDAQ in October. The expected IPO price is 20,000 won to 24,000 won.
CMES provides intelligent robot solutions that combine artificial intelligence (AI) and three-dimensional (3D) vision technology. CMES's core technologies include 3D vision sensors and image processing algorithms.
Robotics related IPOs have generated enormous interest in Korea. Although CMES is a small cap name, this robotics related IPO is also likely to garner high interest as well.
CMES AI Robotics ("CMES") is getting ready to complete its IPO on KOSDAQ in October. CEMS will offer a total of 2.6 million shares in this listing. The expected IPO price is 20,000 won to 24,000 won. The expected IPO offering amount is 52 billion to 62.4 billion won.
The book building for institutional investors will last from 19 to 25 September. CMES listing on KOSDAQ is expected to take place in early October. Samsung Securities and Eugene Investment & Securities are the lead underwriters of this IPO.
Major shareholders - Founder and CEO Lee Sung-Ho is the largest shareholder of CMES with a 35.59% stake. Other insiders and related parties own an additional 17.83% stake in the company.
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