•  IPO Initiation: Micropolis, a Dubai-based robotics startup, has initiated a significant Initial Public Offering (IPO) to raise approximately $37 million, marking a pivotal moment in the company’s growth strategy.

•  NYSE Listing: The company is set to list its shares on the New York Stock Exchange (NYSE), as confirmed in its official filing with the US Securities and Exchange Commission (SEC), outlining the offering of 8.2 million shares at a proposed price range of $4 to $5 per share. This could potentially value Micropolis at around $172 million.

•  Strategic Positioning in Robotics Industry: Established in 2014, Micropolis strategically positions itself to leverage the booming robotics industry in the Gulf Cooperation Council (GCC) region. 

Dubai-based robotics startup Micropolis has officially submitted paperwork for an Initial Public Offering (IPO) to raise approximately $37 million, according to a company statement.

The company plans to list its shares on the New York Stock Exchange (NYSE).

In its filing with the US Securities and Exchange Commission (SEC), Micropolis disclosed that it offers 8.2 million shares with a proposed price range of $4 to $5 per share. 

This valuation could place the company’s overall worth at around $172 million.

Established in 2014 and headquartered in Dubai Production City, Micropolis specializes in the development of autonomous mobile robots (AMRs) utilizing wheeled electric vehicle (EV) platforms.

The company is strategically positioning itself to capitalize on the burgeoning robotics industry in the Gulf Cooperation Council (GCC) region. 

According to Micropolis‘s prospectus, the industry is experiencing rapid growth, fueled by government initiatives and private sector investments. The UAE, in particular, is emerging as a focal point for robotics innovation, emphasizing the creation of autonomous systems across diverse sectors.

Micropolis’s flagship robots are designed for autonomous operation and find applications across various industries such as security, hospitality, real estate, retail, sanitation, and logistics.

The startup has collaborated with Dubai Police to deploy self-driving patrols, enhancing security surveillance operations. Additionally, Micropolis has developed a surveillance robot equipped with a surveillance camera and a drone launcher for the Saudi Arabia Ministry of Interior.