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Headline : Angel Robotics triples starting price in Kosdaq debut

Read more from the original article on here at koreatimes.co.kr.




Tags : #angel #robotics #triples #starting #price #kosdaq #debut


No. of Paragraph 32

A man demonstrates Angel Robotics walk assist robot at the COEX convention center in Seoul, in this April 2023 photo. Newsis

Angel Robotics successfully marked its entry into the Kosdaq market Tuesday, with its shares closing at triple its initial price. Market observers suggest that Angel Robotics' entry into the stock market will fuel the momentum of robotics stocks.

According to the Korea Exchange, Angel Robotics shares closed at 65,000 won ($48.51), an increase of 225 percent compared to its initial public offering (IPO) price of 20,000 won.

Established in 2017, Angel Robotics is a company producing wearable robots, including those for rehabilitation, medical treatment and industry safety. During its early phase, LG Electronics recognized the company's technological strength and proceeded with a seed investment.

Read more from the original article on here at koreatimes.co.kr.


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