Micropolis Robotics, a UAE-based robotics manufacturing company, has successfully completed its initial public offering (IPO) on the New York Stock Exchange.
The company offered 3,875,000 ordinary shares at $4.00 per share, raising total proceeds of $15.5 million.
The shares began trading under the ticker symbol “MCRP” on March 7, 2025.
The company plans to use the proceeds for various strategic purposes, including talent acquisition, marketing, purchasing advanced machinery, research and development, and repaying related-party loans.
Founded in 2014, Micropolis aims to strengthen its financial resources to drive growth and innovation in the robotics industry through this IPO.
Additionally, the company has granted underwriters an option to purchase additional shares, reflecting strong demand and the potential for future capital increases.
This IPO marks a significant milestone for Micropolis, enhancing its visibility in the public market and solidifying its position as a leader in robotics and technology.
