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

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<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

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

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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

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