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By Aimee Bohn
Investors are eager for the Miso Robotics IPO. This company is pivotal to the commercial food industry, and people want to get involved before it grows into a huge enterprise.
So, when can investors expect Miso Robotics stock?
Miso Robotics is revolutionizing the commercial food service industry. The company makes artificial intelligence (AI)-powered robots to assist chefs in making food in restaurants. Its automated robots fill a number of operational gaps found in back-of-house kitchen operations.
The company’s systems integrate machine learning, computer vision and data analytics. Its systems include…
Flippy 2 – Modular frying robot with autobins and AI-vision to recognize and transfer food until fried. Can fry various foods at the same time.
Flippy Lite – Modular frying robot similar to the Flippy 2 designed to focus on a single product.
CookRight – Grilling assistant that uses a combination of computer vision, thermal detection and AI to track times and alert team members to manage cooking tasks.
Sippy – The world’s first point-of-sale (POS) integrated automatic beverage dispenser and sealer.
Miso’s products are constantly evolving as the company builds partnerships with brands to get real-life industry knowledge. The company works with major brands like Chipotle, White Castle and Buffalo Wild Wings. These machines help businesses achieve improved consistency, more productivity and lower costs. Moreover, demand for the Miso Robotics IPO is growing rapidly as the cooking robot market continues to grow.
The global cooking robot market is growing rapidly. Growing concerns for food safety and hygiene and AI automation across the food and beverage industry have spiked demand for machine cooking solutions.
The global cooking robot market held an $86 million value in 2019. However, Research Nester predicts it could skyrocket to $323 million by 2028. This represents a compound annual growth rate (CAGR) of 16%, posing a unique opportunity for investors of the Miso Robotics IPO.
The market in North America registered the largest share of the global market at 51% with a value of $44 million in 2019. Moreover, the North American cooking robot market is expected to reach $175 million by the end of 2028.
Automated cooking robot systems are becoming increasingly important as demand grows for staffing efficiencies and a better product. Moreover, increased demand will only accelerate Miso Robotics’ growth and profits. So, where do the company’s finances stand?
Over $50 million in equity crowdfunding has been raised for Miso through its Series C and D rounds. In addition, these campaigns reflect the success of the company. With more than 15,000 new investors and returning investors, the Company’s Series C and D rounds are among the most successful crowdfunding campaigns in history, according to the company.
Moreover, Miso Robotics is continuing its growth efforts through funding. In February, the company launched its Series E funding round with a target of $40 million. It plans to use the cash infusion to “more rapidly satisfy the product demand it is facing in the marketplace, as well as grow its workforce, which has more than tripled in size in the past year.”
At the time of the announcement, CEO Mike Bell said…
We’re thrilled to open our Series E round to the crowd after an incredible Series D raise. The significant interest we’ve seen from individual investors and brand partners is a testament to the pivotal role our technology plays in the restaurant industry. This next round will propel us forward to install in more kitchens and further increase our partners’ capabilities and positively impact their bottom line through automation.
Miso Robotics stock isn’t directly available to the public as of now. However, investors can invest in the company by participating in the Series E funding round here. Moreover, the company kicked off the funding round with a $500 million valuation. In light of this valuation, the company has decided to do a seven-for-one stock split to share value and opportunity with potential investors. So, what does this mean for the Miso Robotics IPO?
A seven-for-one split of Miso Robotics’ stock was announced in February. The announcement came in response to the company’s success in the market and with investors. Each preferred share of stock now converts to seven shares of common stock due to an adjustment in the conversion price.
Before the stock split, preferred shares traded for $50 to $60 a share. Investors can now buy shares of common stock for around $10 per share. This price “feels better to investors,” according to Bell.
“The stock split is an effort to share value and opportunity with an increasingly interested retail investor community” according to the company, given the company’s recent $500 million valuation.
Miso has gone to great lengths to make sure investors can take part in the company. However, investors want to know the real question: When is the Miso Robotics IPO taking place? Here’s the latest information on Miso Robotics stock…
As of now, there have been no official announcements for the Miso Robotics IPO. For now, the company seems to be focusing on its growth efforts before making plans for a public debut. However, investors think the company may list on the public markets sooner than expected.
Check back here for the latest updates on the Miso Robotics IPO. In the meantime, if you’re interested in food industry-related investing, check out these restaurant and fast-food stocks to buy in 2022.
As always, make sure to research before you invest. IPOs can be volatile for the first few months. And share prices can change quickly.
However, if IPO investing interests you, check out our top recent IPOs and our IPO calendar. We update the calendar update daily to give you the latest news on upcoming and filed IPOs.
Aimee Bohn graduated from the College of Business and Economics at Towson University. Her background in marketing research helps her uncover valuable trends. Over the past year, her primary focus has been researching IPOs and other trends.
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