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EgyptUAE’s Micropolis Raises $15.5 Million in NYSE IPO
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Micropolis issued 3,875 million shares at $4 per share.
Trading began on the NYSE American under the ticker symbol "MCRP" on March 7, 2025.
Investors were offered an option to purchase additional shares, potentially increasing funds raised.
The company plans to use the capital for hiring, marketing, equipment acquisition, R&D, outsourcing, loan repayments, and working capital.
Micropolis previously secured $4 million in a seed funding round in 2022.
Emirati robotics company Micropolis Holding has marked a significant milestone by securing $15.5 million through its initial public offering (IPO) on the NYSE American exchange. The company, known for its advancements in autonomous mobile robots (AMRs), priced 3.875 million shares at $4 each during the offering.
Trading of Micropolis shares officially commenced under the ticker "MCRP" on March 7, 2025. Investors were also given the option to purchase additional shares, which could allow the company to raise further capital in the near future.
Micropolis has outlined a strategic plan for utilizing the newly acquired funds, with a focus on recruiting top talent, expanding marketing efforts, acquiring essential equipment, and investing in research and development. Additionally, the company aims to enhance outsourcing capabilities, execute key contracts, settle outstanding loans, and strengthen its working capital.
Founded as a pioneer in autonomous robotics,Its CEO is Egor Romanyuk ,Micropolis develops self-driving electric platforms that integrate modular pods tailored for various applications. These include surveillance cameras, cleaning units, logistics compartments, and human-interaction robots. The company previously raised $4 million in a 2022 seed funding round and has been expanding its vision ever since.
Last year, Micropolis announced plans to raise up to $37 million through its IPO, setting an initial price range of $4 to $5 per share. While the final proceeds fell short of that goal, the company's successful listing on the NYSE American marks a major step toward scaling its operations and global reach.
As the robotics industry continues to evolve, Micropolis positions itself at the forefront of innovation, aiming to revolutionize automation and mobility solutions across multiple industries.
