Ekobot’s IPO oversubscribed to 189 per cent

4 March 2021

Ekobot AB is the company behind one of the world’s first fully autonomous field robots that can take care of mechanical weed control with exceptionally high precision. Ekobot helps farmers and growers reduce costs of weeding crops while also doing it in a CO2 neutral and ecological way.

The IPO was oversubscribed to 189 per cent by approximately 1,600 investors. Raised capital, in total SEK 20.5 million, will primarily be used for new hires and further development of the robot. First day of trading on Nasdaq First North is expected to be on 15 March 2021.

Augment acted as the company’s financial adviser in the IPO and acts as its Certified Adviser.

Read the full press release here (in Swedish).