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Loeb & Loeb represented Micropolis Holding Company, a United Arab Emirates-based robotics manufacturer specializing in autonomous mobile robots, in its initial public offering of 3,875,000 ordinary shares at a public offering price of $4.00 per share, generating total gross proceeds of $15.5 million before underwriting discounts and expenses.
The ordinary shares began trading on the NYSE American under the ticker symbol “MCRP” on March 7, 2025, and closed on March 10. The company also granted the underwriters an option to purchase up to 581,250 additional shares within 45 days of the closing of the offering at the public offering price, less underwriting discounts, to cover the over-allotment option.
Micropolis intends to use the proceeds from the offering for talent acquisition, marketing and public relations, acquisition of machinery and advanced equipment, R&D specific expenses, contracts and outsourcing, repayment of certain related party loans, as well as working capital and other general corporate purposes.
The Loeb team was led by Lawrence Venick, managing partner of the firm’s Hong Kong and Beijing offices, and included Capital Markets senior counsel Ted Paraskevas, associate Anna Chau, and trainee solicitor Sammi Chung.
For more information, please see the company’s press release.
The ordinary shares began trading on the NYSE American under the ticker symbol “MCRP” on March 7, 2025, and closed on March 10. The company also granted the underwriters an option to purchase up to 581,250 additional shares within 45 days of the closing of the offering at the public offering price, less underwriting discounts, to cover the over-allotment option.
Micropolis intends to use the proceeds from the offering for talent acquisition, marketing and public relations, acquisition of machinery and advanced equipment, R&D specific expenses, contracts and outsourcing, repayment of certain related party loans, as well as working capital and other general corporate purposes.
The Loeb team was led by Lawrence Venick, managing partner of the firm’s Hong Kong and Beijing offices, and included Capital Markets senior counsel Ted Paraskevas, associate Anna Chau, and trainee solicitor Sammi Chung.
For more information, please see the company’s press release.
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Managing Partner, Hong Kong and Beijing Offices -
Senior Counsel -
Associate