Investing.com -- Yesterday, Micropolis Holding Company, a robotics manufacturer, officially announced the pricing of its initial public offering (IPO) at $4.00 per share, with 3,875,000 Ordinary Shares available. The NYSE American listed company, trading under the ticker symbol "MCRP", opened at $3.90 per share on March 7, 2025.

The IPO is expected to generate gross proceeds of $15.5 million for Micropolis, before underwriting discounts and other offering expenses are deducted.

In addition to the initial shares, the company has given Underwriters the option to purchase up to an additional 581,250 Ordinary Shares within 45 days of the offering’s close. This option will be at the public offering price, minus underwriting discounts, and will be used to cover any over-allotments, if the option is exercised.

The IPO was conducted on a firm commitment basis, with Network1 Financial Securities, Inc. serving as the sole book-running manager for the offering.

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