Micropolis Raises $15.5M in NYSE IPO to Fuel Expansion

Deal News | Mar 12, 2025 | Zawya

Micropolis Raises $15.5M in NYSE IPO to Fuel Expansion

Dubai-based robotics manufacturer Micropolis Holding successfully raised $15.5 million from its initial public offering (IPO) on the New York Stock Exchange's (NYSE) American market. The company, specializing in autonomous mobile robots, sold approximately 3.9 million ordinary shares at $4 each, hitting the lower end of the expected range. Now trading under the ticker symbol MCRP, Micropolis plans to allocate the funds towards hiring, marketing and public relations, equipment acquisition, research and development, and loan repayment. Network Financial Securities served as the sole book-running manager for the IPO.

Sectors

  • Robotics
  • Financial Services

Geography

  • United States – The IPO took place on the New York Stock Exchange (NYSE) American, a financial market in the United States.
  • United Arab Emirates – Micropolis Holding is a Dubai-based company, indicating its home operations are in the United Arab Emirates.

Industry

  • Robotics – The article involves Micropolis Holding, a manufacturer of autonomous mobile robots, indicating its primary engagement in the robotics industry.
  • Financial Services – The article involves financial activities related to the IPO, highlighting the role of Network Financial Securities as the sole book-running manager.

Financials

  • $15.5 million – The total proceeds raised by Micropolis from its initial public offering (IPO) on the NYSE American.
  • $4 per share – The price at which approximately 3.9 million ordinary shares were offered during the IPO.

Participants

NameRoleTypeDescription
Micropolis HoldingTargetCompanyA Dubai-based robotics manufacturer involved in the development of autonomous mobile robots.
Network Financial SecuritiesSole Book-running ManagerCompanyThe financial services firm that managed Micropolis's IPO process.