Cleaning-Robot Maker ECOVACS Goes Public on Shanghai Stock Exchange | Synced

Suzhou-based Ecovacs Robotics debuted on the Shanghai Stock Exchange today. The floor sweeping and window cleaning robot company issued 40.1 million shares at US $3.13 per share, and plans to use t...

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Source: Synced | AI Technology & Industry Review

Suzhou-based Ecovacs Robotics debuted on the Shanghai Stock Exchange today. The floor sweeping and window cleaning robot company issued 40.1 million shares at US $3.13 per share, and plans to use the funds raised via its IPO to produce four million home service robots, build an IoT ecosystem, and expand into the global market.