- Micropolis Holding secures $16 million through its IPO by offering 3.9 million shares at $4 per share, at the lower end of the anticipated range ($4–$5).
- The offering included 1.1 million fewer shares than initially expected.
- At pricing, Micropolis Holding commands a market value of $136 million.
Micropolis Holding’s IPO and Market Valuation
Dubai-based Micropolis Holding, a developer of autonomous mobile robots (AMRs) and related software, has successfully raised $16 million through its initial public offering (IPO). The company priced 3.9 million shares at $4 per share, the lower end of the expected range of $4 to $5 per share, while offering 1.1 million fewer shares than originally planned. Following the IPO, Micropolis Holding’s market valuation stands at $136 million.
Micropolis Holding’s Core Business and Product Offerings
Micropolis is a robotics manufacturer specializing in autonomous mobile robots (AMRs). These robots are built using wheeled electric vehicle platforms and are designed with autonomous driving capabilities. The company’s products are categorized into three primary areas:
- Autonomous Mobile Robots (AMRs): Self-driving robots designed for industrial and commercial applications.
- Operating Software: Includes autonomous driving software, fleet mission planner, and custom software development services.
- Electronic Control & Power Storage Units: Essential components that enhance automation efficiency and performance.
NYSE American Listing Under MCRP
Micropolis Holding is set to debut on the NYSE American under the ticker symbol MCRP. The IPO was led by Network 1 Financial Securities, which acted as the sole bookrunner for the deal. The listing marks a significant milestone for the company as it expands its presence in the autonomous robotics sector.
With the growing demand for autonomous solutions across industries, Micropolis Holding aims to leverage its advanced robotics and software technologies to drive innovation and scalability in the market.
