Dubai’s Micropolis Raises $15.5M in NYSE IPO for Robotics Expansion

Micropolis Holding Company, a robotics manufacturer based in Dubai, successfully raised $15.5 million through its initial public offering on the New York Stock Exchange (NYSE) American. The company offered approximately 3.9 million shares at $4 each, pricing at the lower end of the expected range. Following the IPO, its shares began trading under the ticker symbol “MCRP” on NYSE American, a stock exchange that caters to small- and mid-cap companies.

Founded in 2014, Micropolis specializes in autonomous mobile robots—electric, wheeled machines capable of independent movement and task execution. Its product lineup includes delivery robots for transporting goods, utility robots for maintenance and monitoring, community patrol robots for public security, and police patrol robots designed to assist law enforcement in surveillance operations.

The proceeds from the IPO will be used for hiring new employees, expanding marketing and public relations efforts, acquiring machinery and equipment, supporting research and development, and repaying certain related party loans. Additional funds will go toward general corporate purposes to enhance operational efficiency. Network1 Financial Securities, Inc. served as the sole book-running manager for the IPO, handling the offering, setting the price, marketing shares to investors, and ensuring regulatory compliance.

Micropolis’ decision to list in New York rather than Dubai suggests a strategy to attract global investors and access deeper capital markets. The company’s focus on automation and robotics aligns with increasing global demand for AI-driven security, logistics, and surveillance technologies.