The underwater drone space is definitely heating up and companies like Aquabotix are leading the way. Aquabotix manufacturers a complete line of underwater drone products, including professional and recreational remote operated vehicles (ROVs), an ARV (autonomous remote vehicle) and underwater cameras.
Recently Aquabotix Technology Corporation decided to file an initial public offering (IPO). Successful startup files IPO. Heard it before right? In most of those stories, however, the IPO’s are filed in the US, in this case the IPO is being filed in Australia.
Underwater drone manufacturer Aquabotix Technology Corporation has opened its initial public offering (IPO), hoping to raise between AU$5.1 million and AU$7 million before securing its spot on the Australian Securities Exchange (ASX) in April.
The company is offering 35 million new shares at an issue price of AU$0.20 each to raise the funds, which will give Aquabotix a market capitalisation of AU$27 million upon IPO.
The six-year-old United States-based underwater robotics company manufactures industrial-grade unmanned underwater vehicles (UUVs) and networked underwater cameras.
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About Aquabotix Technology Corporation
Aquabotix Technology Corporation is the leader in revolutionary smart technology for unmanned underwater drones. Aquabotix is a U.S. manufacturer of commercial-grade Unmanned Underwater Vehicles (“UUVs” or “underwater drones”) and underwater cameras for commercial and military applications. Our iPad and laptop applications are the most intuitive driving systems for underwater vehicles. From case to water in 3 minutes; from inexperienced to accomplished pilot in 3 hours; no lengthy instruction, formal training or special degree is required to benefit from Aquabotix technology. Aquabotix products are currently deployed in over 45 countries.