Micropolis Holding Company Announces Closing of Its Initial Public Offering

Rhea-AI Summary

Micropolis Holding Company (NYSE: MCRP), a UAE-based robotics manufacturer specializing in autonomous mobile robots, has successfully completed its Initial Public Offering (IPO). The company raised $15.5 million in gross proceeds through the offering of 3,875,000 Ordinary Shares at $4.00 per share.

Trading began on the NYSE American under ticker 'MCRP' on March 7, 2025. The underwriters have a 45-day option to purchase up to 581,250 additional shares. Network1 Financial Securities served as the sole book-running manager.

The proceeds will fund:

• Talent acquisition
• Marketing and PR
• Machinery and advanced equipment
• R&D expenses
• Contracts and outsourcing
• Repayment of related party loans
• Working capital and general corporate purposes

Positive

• Successful IPO raising $15.5 million in gross proceeds
• Listed on major exchange NYSE American
• Underwriters granted over-allotment option for additional shares
• Clear allocation of funds for growth initiatives and R&D

Negative

• Portion of proceeds used for loan repayment rather than growth
• Relatively small IPO size may limit growth potential
• Potential dilution if over-allotment option is exercised

Insights

Financial Analyst

Micropolis Holding Company's successful $15.5 million IPO represents a significant milestone for this UAE-based robotics manufacturer. By pricing 3,875,000 ordinary shares at $4.00 each, the company has secured critical growth capital while gaining the prestige and liquidity advantages of a NYSE American listing.

The proceeds address multiple strategic priorities: strengthening R&D capabilities essential in the autonomous robotics sector, acquiring advanced manufacturing equipment, expanding talent, and enhancing marketing reach. The allocation for repayment of related party loans suggests a deliberate improvement to the company's debt structure, potentially reducing financial constraints.

While $15.5 million represents a relatively modest IPO, it provides meaningful runway for a specialized robotics manufacturer focusing on autonomous mobile robots. The additional 581,250 share overallotment option could further bolster the financial position by approximately $2.3 million if exercised.

For the robotics sector, this successful listing demonstrates investor appetite for specialized automation technology plays, particularly those at the intersection of autonomous driving capabilities and mobile electric platforms. The NYSE American listing enhances corporate visibility, potentially facilitating customer acquisition and strategic partnerships critical for scaling in the competitive robotics landscape.

Dubai, March 10, 2025 (GLOBE NEWSWIRE) -- Micropolis Holding Company (NYSE American: MCRP) (“Micropolis” or the “Company”), a robotics manufacturer based in the United Arab Emirates which specializes in developing autonomous mobile robots that utilize wheeled electric vehicle platforms and are equipped with autonomous driving capabilities, announced today the closing of its underwritten initial public offering (the “Offering”) of 3,875,000 Ordinary Shares at a public offering price of $4.00 per share, for total gross proceeds of $15.5 million to the Company, before underwriting discounts and other offering expenses. The Ordinary Shares began trading on the NYSE American under the ticker symbol “MCRP” on March 7, 2025.

The Company has granted the Underwriters an option to purchase up to 581,250 additional Ordinary Shares within 45 days of the closing of the Offering at the public offering price, less underwriting discounts, to cover the over-allotment option, if exercised.

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 & outsourcing, repayment of certain related party loans, as well as working capital and other general corporate purposes.

The Offering was conducted on a firm commitment basis. Network1 Financial Securities, Inc. is acting as the sole book-running manager for the Offering. Loeb & Loeb LLP acted as U.S. securities counsel to the Company, and Hunter Taubman Fischer & Li LLC acted as U.S. securities counsel to Network 1 Financial Securities, Inc., in connection with the Offering.

A registration statement on Form F-1 relating to the shares being sold in the Offering was initially filed with the U.S. Securities and Exchange Commission (the “SEC”) on December 22, 2023; and was declared effective by the SEC on March 6, 2025. The Offering is being made only by means of a prospectus. A copy of the final prospectus relating to the Offering may be obtained for free by visiting EDGAR on the SEC’s website at www.sec.gov, or alternatively, from: Network1 Financial Securities, Inc., The Galleria, 2 Bridge Avenue, Suite 241, Red Bank, NJ 07701.

Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Micropolis Holding Company

Micropolis is a robotics manufacturer founded in 2014, based in UAE with its headquarters located in Dubai Production City, Dubai, UAE. It specializes in developing AMRs that utilize wheeled EV platforms and are equipped with autonomous driving capabilities. As part of Micropolis’ product offerings, it integrates application-specific pods that serve as the primary purpose of a robot. These pods are designed to accommodate various functionalities, including surveillance cameras, road sweepers, logistics compartments, as well as collaborative robots (cobots) intended for direct human-robot interaction.

For more information, visit www.micropolis.ai. 

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning. Forward-looking statements represent Micropolis’ current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

Contact Information

For Investor Relations:

Micropolis Holding Company
Email: Francesca@micropolis.ae

FAQ

How much did Micropolis (MCRP) raise in its IPO?

Micropolis raised $15.5 million in gross proceeds through its IPO, offering 3,875,000 Ordinary Shares at $4.00 per share.

When did MCRP stock begin trading on NYSE American?

MCRP began trading on the NYSE American on March 7, 2025.

What is the over-allotment option for MCRP's IPO?

Underwriters have a 45-day option to purchase up to 581,250 additional shares at the public offering price.

How will Micropolis (MCRP) use its IPO proceeds?

MCRP will use proceeds for talent acquisition, marketing, equipment purchase, R&D, outsourcing, loan repayment, and working capital.