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LG's robotics company Bear Robotics seeks pre-IPO funding and aims to list on Nasdaq
10 hour ago /
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Author：小编
According to sources from investment banking cited by the Korea Economic Daily, Bear Robotics, a U.S. robotics startup controlled by LG Electronics, is preparing for a listing on Nasdaq and conducting pre-IPO funding. Bear Robotics has selected Bank of America as the funding arranger and is engaging with domestic and international private equity firms to participate in the funding. The company targets a valuation of approximately KRW 2 trillion and plans to raise KRW 300 billion to KRW 400 billion, with the funds primarily intended for robotics R&D.
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