One of the most exciting initial public offerings (IPOs) of 2022 may be about to hit the market. Knightscope, an autonomous security robot (ASR) company, is the latest company looking to call the Nasdaq his home. It will use the stock symbol KSCP. This upcoming KSCP IPO is attracting a lot of attention, with a dedicated website aimed at providing more information to investors.
This company, founded in 2013 to help law enforcement and large customers with security needs, has garnered tremendous interest not only from the community but also from investors. To date, Knightscope has raised $75 million from leading institutional investors. However, the company is seeking more capital through an IPO to further expand its business. In addition, access to capital markets should provide much-needed growth capital in the future, if needed.
Let’s dive into what investors might want to know about this upcoming IPO.
What you need to know about the KSCP stock IPO
Today, investors interested in Knightscope’s IPO received some big news. The company announced today that it is considering January 27 as its IPO date. Through crowdfunding and other unconventional means, Knightscope has already become one of the most intriguing startup opportunities for many investors.
According to the terms of the agreement stated at present, it appears that the IPO of KSCP stock will be at a price per share of $10. Knightscope is seeking to issue 4 million shares, to raise up to $40 million at a valuation of $585 million.
The demand for automation in various sectors has increased significantly. As a result, investor demand for the products produced by companies such as Knightscope is also growing rapidly. Although it is a start-up company that only received its first orders two years ago, investors are looking to jump into what could be an impressive long-term investment opportunity.
Indeed, KSCP stock is expected to be a key watchlist symbol for many investors in the coming weeks.
As of the date of publication, Chris MacDonald had (directly or indirectly) no position in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com publishing guidelines.