News, Reviews and Information on iRobot Scooba

iRobot files for $115 mln IPO

Looks like our favorite company, iRobot, will be going public soon:

From Reuters

iRobot Corp., the maker of the Roomba floor vacuuming robot and PackBot tactical military robots, filed with regulators on Wednesday to raise up to $115 million in an initial public offering of common stock.

The company plans to use the net proceeds from the IPO for working capital and other general corporate purposes, including financing growth, developing new products and funding capital expenditures.

I love hearing this! Lots of capital to invest in R&D for new products and to impove existing (..Roomba..Scooba) products.

I may have to pick up a few shares :)

No Comments

No comments yet.

Leave a comment

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>