Micropolis Raises $15.5 Million in NY IPO
Deal News | Mar 12, 2025 | Zawya
Dubai-based Micropolis Holding, a manufacturer of autonomous mobile robots, successfully raised $15.5 million from its initial public offering on the NYSE American. The company sold approximately 3.9 million ordinary shares at $4 each, and the funds are earmarked for staff acquisition, marketing initiatives, new machinery and equipment purchases, as well as research and development and loan repayments. The IPO was managed by Network Financial Securities, and the shares began trading under the symbol MCRP.
Sectors
- Robotics
- Financial Markets
Geography
- United Arab Emirates – Micropolis is a Dubai-based company, indicating its operations and origin in the UAE.
- United States – The IPO took place on the New York Stock Exchange, making the US relevant to the news context.
Industry
- Robotics – The article focuses on Micropolis, a company involved in manufacturing autonomous mobile robots, highlighting its industry relevance.
- Financial Markets – The news discusses Micropolis's IPO on the NYSE, involving capital markets and securities.
Financials
- $15.5 million – Proceeds raised from Micropolis's IPO.
- $4 per share – Price per share in the IPO offering.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Micropolis Holding | Target Company | Company | A Dubai-based manufacturer of autonomous mobile robots. |
| Network Financial Securities | Book-running Manager | Company | This company acted as the sole book-running manager for the IPO. |
| Cleofe Maceda | Writer | Person | The journalist who wrote the article. |
| Seban Scaria | Editor | Person | The editor of the article. |