Richtech Robotics is one ahead in its post-IPO trading debut

Published: November 17, 2023 at 1:15 pm ET

By Colin Kellaher

Shares of Richtech Robotics rose in their trading debut after the AI-powered service robot provider’s IPO priced in line with revised expectations.

Shares of the Las Vegas company rose 6% to $5.30 on Friday after opening at $5.

Right…

By Colin Kellaher

Shares of Richtech Robotics rose in their trading debut after the AI-powered service robot provider’s IPO priced in line with revised expectations.

Shares of the Las Vegas company rose 6% to $5.30 on Friday after opening at $5.

Richtech sold 2.1 million shares at $5 each in the IPO.

Earlier this month, the company changed its planned offering to 2 million shares at $5 apiece, while previous plans called for offering 3 million shares at $4 to $6 apiece.

Write to Colin Kellaher at [email protected]