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Rainbow Robotics' bipedal humanoid robot, HUBO. (Photo = Rainbow Robotics) |
[Alpha Biz= Kim Sangjin] Rainbow Robotics, a KOSDAQ-listed company, has seen its stock price skyrocket by approximately 3,000% since its initial public offering (IPO).
According to the Korea Exchange on Sunday, Rainbow Robotics closed at 299,500 KRW on January 31, marking a 21.26% (52,500 KRW) increase from the previous trading day. This represents a 2,895% (29x) rise from its IPO price of 10,000 KRW.
Founded in 2011 by researchers from the Korea Advanced Institute of Science and Technology (KAIST), Rainbow Robotics specializes in robotics technology. The company, which went public in February 2021, is known for developing Korea’s first bipedal humanoid robot, "HUBO," and also produces collaborative robots, autonomous mobile robots, ultra-precision positioning mounts, and walking robot platforms.
Rainbow Robotics' stock began its rapid ascent in January 2023, when Samsung Electronics invested 58.9 billion KRW through a third-party allotment capital increase, acquiring a 10.2% stake and becoming the second-largest shareholder. By March 2023, Samsung increased its stake to 14.7% with an additional 27.8 billion KRW investment, driving Rainbow Robotics' stock price from the 30,000 KRW range to over 100,000 KRW—an almost fourfold increase.
The stock saw another surge at the end of December 2023 when Samsung Electronics exercised its call option, becoming the largest shareholder. On January 31, Rainbow Robotics’ stock briefly surpassed the 300,000 KRW mark.
Currently, Samsung Electronics holds a 35% stake in Rainbow Robotics. If Samsung exercises its remaining call options, its ownership could increase to a maximum of 58.6%.
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
