Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Robotis IPO Preview (Part 1) - An Innovative Provider of Robotic Solutions in Korea

Robotis IPO Preview (Part 3) - Bookbuilding Results

Robotis IPO Preview (Part 2) - Valuation Analysis

Douglas Research Advisory

Equity Capital Markets

<ul>
<li>On 28 August, Robotis (108490 KS) announced a rights offering capital increase of 100 billion won.</li>
<li>Rights offering plan is to allocate 1,349,528 new shares (10% of outstanding shares) to existing shareholders, and then conduct a public offering for general investors once forfeited shares are issued. </li>
<li>The expected rights offering price is 74,100 won per share (12.8% lower than current price). We are Negative on this rights offering.</li>
</ul>


On 28 August, Robotis (108490 KS) announced a rights offering capital increase of 100 billion won.
Rights offering plan is to allocate 1,349,528 new shares (10% of outstanding shares) to existing shareholders, and then conduct a public offering for general investors once forfeited shares are issued. 
The expected rights offering price is 74,100 won per share (12.8% lower than current price). We are Negative on this rights offering.


Robotis - Rights Offering of 100 Billion Won