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Richtech Robotics Priced, Nasdaq: RR

Develops and sells service robots for the hospitality and other industries.

Industry: Technology

Latest Trade: $1.23 0.00 (0.0%)

First Day Return: +5.0%

Return from IPO: -75.4%

Industry: Technology

We are a developer of advanced robotic technologies focused on transforming labor-intensive services in hospitality and other sectors currently experiencing unprecedented labor shortages. With a global R&D team based out of China and the United States, we design, manufacture and sell robots to restaurants, hotels, senior living centers, casinos, factories, movie theaters and other businesses. Our robots perform a variety of services including restaurant running and bussing, hotel room service delivery, floor scrubbing and vacuuming, and beverage and food preparation. We design our robots to be friendly, customizable to client environments, and extremely reliable. For example, our food service delivery robots typically make over 1,000 deliveries every month in busy environments. Our current customer base includes major hotel brands, national chain restaurants, leading senior care facilities, and top casino management companies. Our mission is to integrate robotics and automation into our everyday lives. We envision ourselves becoming the first robotics “Super-operator,” where thousands of our robots are deployed out in the field and managed by Richtech’s AI Cloud Platform (ACP).
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IPO Data
IPO File Date 08/03/2023
Offer Price $5.00
Price Range $5.00 - $5.00
Offer Shares (mm) 2.1
Deal Size ($mm) $11
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 11/16/2023
Offer Price $5.00
Price Range $5.00 - $5.00
Offer Shares (mm) 2.1
Deal Size ($mm) $11
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
R.F. Lafferty & Co.
Revere Securities
Company Data
Headquarters Las Vegas, NV, United States
Founded 2016
Employees 47
Website www.richtechrobotics.com

Richtech Robotics (RR) Performance