Export-Focused Tech Company Files for IPO
DOF Robotics Industry Inc. has applied to the Capital Markets Board (CMB) as part of the initial public offering (IPO) process, which will be led by Investment Financial Securities Inc. The company aims to strengthen its financial structure and achieve its growth targets with the income generated from the IPO.
Mustafa Mertcan, Chairman of the Board of DOF Robotics, stated in an announcement regarding the IPO application that the company has started the public offering process in line with its growth plans. Mertcan noted that the IPO proceeds will be allocated to areas such as increasing production capacity, entering new markets, enhancing R&D activities, and investing in renewable energy.
Founded in 2014, DOF Robotics is an export-oriented technology company that exports 90% of the products it develops in fields such as artificial intelligence, virtual reality, and motion simulators to over 60 countries across six continents, primarily in the U.S. and China. The company produces robotic and software solutions at its manufacturing facilities located in the Yeşilköy Specialized Free Zone.
DOF Robotics' product portfolio includes autonomous technologies for theme parks and industrial sectors. The company also collaborates with international brands such as Universal Studios, Marvel, and Transformers, and has received awards in various industry organizations.
The company plans to allocate a significant portion of the income from the IPO to investments in new machinery and equipment for the expansion and efficiency enhancement of its manufacturing facilities. Additionally, there is a focus on R&D activities to develop innovative products. The company also intends to invest in renewable energy sources, such as solar energy, to reduce energy costs and minimize its carbon footprint.
It has been stated that following the approval of the IPO application by the CMB, information will be shared through the Public Disclosure Platform (KAP), the company's official website, and the website of the authorized intermediary Investment Financial. It has been emphasized that investment decisions related to the IPO should be made after reviewing the approved prospectus and its appendices.