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Investing.com -- Robot Consulting Co., Ltd., a Japanese platform service provider specializing in human resource solutions, began trading on the Nasdaq Capital Market Thursday at $4 per share, matching its initial public offering (IPO) price.
The company’s American Depositary Shares (ADSs) are trading under the ticker symbol "NASDAQ:LAWR". Each ADS represents one ordinary share of the company.
Robot Consulting priced its offering of 3,750,000 ADSs at $4 per ADS on Wednesday, expecting to raise $15 million in gross proceeds before deducting underwriting discounts and related expenses.
The company has also granted underwriters a 45-day option to purchase up to an additional 562,500 ADSs at the public offering price, less underwriting discounts.
Robot Consulting focuses primarily on human resource solutions and has stated its intention to expand into legal technology and the metaverse.
D. Boral (OTC:BOALY) Capital LLC is serving as the representative of the underwriters for the offering, with Craft Capital Management LLC acting as co-underwriter.
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