We analyse the IPO of Robot, a pioneering company in building automation and home automation at the service of energy saving and comfort in buildings. Find out the main data of this debut and our Corporate Finance Analysis of the Balearic company.
We analyse the IPO of Robot, a pioneering company in building automation and home automation at the service of energy saving and comfort in buildings. Find out the main data of this debut and our Corporate Finance Analysis of the Balearic company.
About Robot
Founded in 1993, Robot is a company based in Palma de Mallorca, a pioneer in building automation and domotics at the service of energy saving and comfort in buildings. The Balearic company specialises in the design and manufacture of intelligent systems for the control of technical installations in hotels, office buildings, hospitals, sports complexes and industrial facilities.
Its products are designed to maximise the performance of installations and can be integrated into existing systems to increase their performance. The company's goal is to offer technologically advanced products of high versatility, extraordinary quality and ease of use, which achieve great savings for its customers and at the same time contribute to protecting the environment.
Robot has participated in more than 600 projects, installing its automatic control systems in hotels, public buildings, hospitals, shopping centres and educational centres, among others.
Robot Corporate Finance Analysis
| Company | Description | Country | Amount | Date |
|---|---|---|---|---|
| Paperless Transaction Management | Paperless Transaction Management, Inc., through its subsidiaries, offers electronic signature services. | USA | $18M | 2016 |
| BestSign | BestSign is an e-signature service provider offering primarily online contract signing services for Internet finance, real estate, online education, O2O, e-commerce and other sectors. | China | $15,8M | 2018 |
| Signix | Signix offers an online service that allows the signing of forms, contracts or commercial documents with digital signatures. | USA | $6,5M | 2016 |
| $5,5M | ||||
| Yousign | Yousign helps you sign and send all your documents to be read and signed worldwide in minutes. | France | $3M | 2018 |
| Signicat | Signicat is a Digital Identity Service Provider (DISP) and one of the leading providers of e-ID and e-signature solutions in Europe. | Norway | €1,6M | 2018 |
| NOK15M | 2016 |
Robot debuts on the MAB with a rise of 35%
The technology company Robot has debuted on the Mercado Alternativo Bursátil (MAB) with an increase of 41% compared to its starting price of €4.15 per share, which means valuing the company at more than €16.5M. The group's shares marked their debut on the MAB with an initial price of €5.6. This is the second company to debut this year on the MAB, which now has a total of 90 companies.
Para Bernat Bonnín, presidente de Robot, comenzar a cotizar es un «hito estratégico» que apoya la proyección de la compañía. «Convertirnos en una compañía pública respalda la fiabilidad de nuestro modelo de negocio y equipo gestor. Nos permite además diversificar nuestras vías de financiación y nos aporta mayor transparencia ante los inversores y la industria», afirma.
Robot's objective with this IPO is to reinforce its capacity for organic growth, as the operation will facilitate access to capital markets and new financing channels to tackle its development strategy from a solid position. In the short to medium term, the group faces a growth process and aims to consolidate its internationalisation strategy, focused on America, South Africa and the Middle East.
Some additional information on this new addition to the MAB:
- Price of placement: 4,15€
- No. of shares: 2.850.483
- Initial capitalisation: 11.829.504€
- Capital increase: 1.993.363€ (May 2017)
- Nominal value of the share: 0,2404€