Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Thematic (Sector/Industry)

<ul>
<li>In this insight, we discuss LG Electronics (066570 KS) 's investment in Bear Robotics (US) and LG Electronics' aggressive ambitions to become a major player in the global robotics industry. </li>
<li>LG Electronics announced that it invested a $60 million Series C funding round in Bear Robotics, a Silicon Valley based company that provides service robotics and artificial intelligence solutions.</li>
<li>One of the key goals of LG Electronics is to expand into the global robotics software market, which is expected to grow to about 100 trillion won in eight years.</li>
</ul>


In this insight, we discuss LG Electronics (066570 KS) 's investment in Bear Robotics (US) and LG Electronics' aggressive ambitions to become a major player in the global robotics industry. 
LG Electronics announced that it invested a $60 million Series C funding round in Bear Robotics, a Silicon Valley based company that provides service robotics and artificial intelligence solutions.
One of the key goals of LG Electronics is to expand into the global robotics software market, which is expected to grow to about 100 trillion won in eight years.


LG Electronics: Investment In Bear Robotics and Aggressive Plans to Expand in Global Robotics

Equity Capital Markets

<div class="content-highlight">
<p>Everybot is getting ready to complete its IPO in Korea in the next few weeks. Everybot is the number one player producer of cleaning robots in Korea. Jung Woo-Chul, the founder and CEO, is the controlling shareholder with a 46.5% stake in the company.</p>
<p>The IPO price range is from 32,600 won to 36,700 won. The IPO base deal size is from $33 million to $34 million. According to the bankers' valuation, the expected market cap after the IPO is from 201 billion won to 226 billion won. </p>
</div>
<table class="table table-striped">
<colgroup> <col> <col> </colgroup>
<tbody>
<tr>
<td style="width: 168pt;">Deal Specifics of the Everybot Co IPO:</td>
<td style="width: 238pt;"> </td>
</tr>
<tr>
<td>Lead underwriters of the IPO: </td>
<td style="width: 238pt;">NH Investment Securities</td>
</tr>
<tr>
<td>Expected IPO price per share: </td>
<td style="width: 238pt;">32,600 won (low)/36,700 won (high)</td>
</tr>
<tr>
<td>Number of Shares for IPO:</td>
<td style="width: 238pt;">1.12m shares (0.84m new shares; 0.28m old shares)</td>
</tr>
<tr>
<td>IPO base deal size: </td>
<td style="width: 238pt;">US$33m (low);  US$34m (high)</td>
</tr>
<tr>
<td>Expected common shares outstanding, fully diluted (post-IPO):  </td>
<td style="width: 238pt;">6.16m shares</td>
</tr>
<tr>
<td>Expected market cap after IPO:</td>
<td style="width: 238pt;">201 billion won (low)/226 billion won (high)</td>
</tr>
<tr>
<td>Book open: </td>
<td style="text-align: left; width: 238pt;">24-Jun-21</td>
</tr>
<tr>
<td>Book closed:</td>
<td style="text-align: left; width: 238pt;">25-Jun-21</td>
</tr>
<tr>
<td>Listing date: </td>
<td style="text-align: left; width: 238pt;">TBD</td>
</tr>
<tr>
<td>Source: Company data</td>
<td style="width: 238pt;"> </td>
</tr>
</tbody>
</table>


Everybot is getting ready to complete its IPO in Korea in the next few weeks. Everybot is the number one player producer of cleaning robots in Korea. Jung Woo-Chul, the founder and CEO, is the controlling shareholder with a 46.5% stake in the company.
The IPO price range is from 32,600 won to 36,700 won. The IPO base deal size is from $33 million to $34 million. According to the bankers' valuation, the expected market cap after the IPO is from 201 billion won to 226 billion won. 


   


Deal Specifics of the Everybot Co IPO:
 


Lead underwriters of the IPO: 
NH Investment Securities


Expected IPO price per share: 
32,600 won (low)/36,700 won (high)


Number of Shares for IPO:
1.12m shares (0.84m new shares; 0.28m old shares)


IPO base deal size: 
US$33m (low);  US$34m (high)


Expected common shares outstanding, fully diluted (post-IPO):  
6.16m shares


Expected market cap after IPO:
201 billion won (low)/226 billion won (high)


Book open: 
24-Jun-21


Book closed:
25-Jun-21


Listing date: 
TBD


Source: Company data
 




Everybot Co IPO Preview - Number One Player in Cleaning Robots in Korea

South Korea

Ace Bed Co., Ltd. manufactures and markets bed mattresses, bed frames, and other wooden furniture.  The Company exports some of its products to Indonesia and China.

Zinus Inc. wholesales and distributes household furniture. The Company wholesales and distributes bed frames, sofas, platform beds, mattresses, and other related products. Zinus markets its products worldwide.

Hyundai Livart Co Ltd designs and manufactures furniture.  The Company produces a variety of furniture, such as bed, chair, desk, and closet used in bedroom, living room, and office.

Iriver Ltd. develops, designs, manufactures, and markets audio equipment, such as MP3 players.  The Company's products include CD type, flash memory type, and hard disk type MP3 players.  In addition, Iriver produces and sells accessories for mobile communication devices.

Paseco Co., Ltd. manufactures and markets household appliances, such as oil stoves, electric heaters, dishwashers, dish dryers, and refrigerators.

Thinkware Systems Corp. designs, manufactures, and markets navigational devices. The Company' products include portable navigation devices, hand-held navigation, and navigation software.  Thinkware Systems also provides location based services (LBS) through mobile networks which enables users to identify location of other users and obtain live traffic information, etc.

Winix Inc. develops, manufactures, and markets heat exchangers, evaporators, condensers, and air conditioner parts.  The Company also produces water heaters, coolers, purifiers, and dehumidifiers.  Winix supplies its products mainly to appliance manufacturers.

Anam Electronics Co., Ltd. specializes in manufacturing audio and video products, such as wide screen televisions, video cassette recorders, and DVD players.  The Company also produces digital set-top boxes that receive satellite broadcasting programs.

Shinil Industrial Co., Ltd. manufactures electric fans, ovens, rice pots, small refrigerators, pagers, electric heaters, and other household appliances.

Topfield Co., Ltd. manufactures digital set top boxes.  The Company's products include free to air receivers, personal video recorders, and common interface receivers.  Topfield provides its products mainly to overseas market.

Sern Kou Resources Berhad is an investment holding company. The Company, through its subsidiaries, manufactures wooden and metal furniture and trades kiln-dried rubber wood.

TOA CORPORATION manufactures and sells sound and information & communication equipment.  The Company's products include loudspeakers, microphones, amplifiers, signal processors, digital mixing systems, and conference systems.

Samson Holding Ltd. manufactures residential furniture in the Peoples Republic of China.  The Company wholesales the furniture to department stores, retail chains, and independent retail stores in the United States, Canada, and elsewhere in the world.

Zhejiang Youpon Integrated Ceiling Company Limited develops, manufactures and sells integrated ceilings. The Company's main product is integrated ceilings.

Zhejiang Youpon Integrted Ceiling (002718 CH)

Cleanup Corporation manufactures and sells a variety of housing equipment for household and commercial use.  The Company specializes in system kitchens for commercial use and sanitary equipment such as washstands and bathtubs.

Formosa Prosonic Industries Berhad assembles high quality speaker systems and manufactures printed circuit boards. Through its subsidiaries, the Company manufactures molded plastic components for audio and video equipment, and also develops, manufactures and markets drive-unit high technology loudspeakers.

Butterfly Gandhimathi Appliances Ltd. manufactures and markets small household appliances. The Company's products include stainless steel pressure cookers, pressure pans, unbreakable vaccum flasks, vaccum lunch boxs, and stainless steel canisters.

Butterfly Gandhimathi Appliances (BGAL IN)

Fuji Corporation Ltd. sells single-family houses and condominiums, primarily in Osaka and Wakayama prefectures. The Company offers real estate management plans for building owners and landholders. Additionally, Fuji operates real estate brokerage and leasing businesses.

CORONA CORPORATION manufactures and sells air-conditioners, heaters, and household equipment.  The products include oil-heating units, air purifiers, humidifiers, and water heaters.

Lifetime Brands, Inc. designs, markets, and distributes household cutlery, kitchenware, cutting boards, and bakeware.  The Company markets its products under its own tradenames and licensed tradenames.  Lifetime Brand's products are distributed through retailers in the United States.

Everybot Inc. manufactures robotic machines. The Company provides robot mop and hybrid robot cleaners. Everybot serves clients in Korea.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Everybot (270660 KS)

LG Electronics: Investment In Bear Robotics and Aggressive Plans to Expand in Global Robotics

In this insight, we discuss LG Electronics (066570 KS) 's investment in Bear Robotics (US) and LG Electronics' aggressive ambitions to become a...

Douglas Kim

Everybot Co IPO Preview - Number One Player in Cleaning Robots in Korea

Everybot is getting ready to complete its IPO in Korea in the next few weeks. Everybot is the number one player producer of cleaning robots in Korea.

Douglas Kim

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)