Otsaw, a Singapore-based developer of autonomous mobile robots, announced terms for its IPO on Monday.
The Singapore-based company plans to raise $20 million by offering 4 million shares at a price range of $4.50 to $5.50. At the midpoint of the proposed range, Otsaw would command a market value of $246 million.
Ostaw specializes in autonomous mobile robots (AMRs) and robotics solutions, with the goal of disrupting, revolutionizing, and redefining the global facilities management industry. The company designs, develops, manufactures, markets, maintains, services, and supports various advanced AI-enabled AMRs, Ultraviolet-C disinfection systems, hospital intralogistics automated guided vehicles, and other robotics solutions, which are empowered by its proprietary core robotics software and outdoor autonomy technology.
Otsaw was founded in 2015 and booked $4 million in revenue for the 12 months ended October 31, 2024. It plans to list on the Nasdaq under the symbol OTSA. Aegis Capital Corp. is the sole bookrunner on the deal.
