Knightscope IPO: How to buy KSCP stock before others?

Highlights

  • Knightscope has submitted the documents with the Securities and Exchange Commission (SEC) and has qualified.
  • Knightscope is an autonomous security robot (ASR) company and makes products that can be deployed to monitor people.
  • Digital Offering, LLC, is acting as the sole underwriter and the lead selling agent for the Knightscope offering.

The California-based advanced physical security technology company Knightscope, Inc., announced the offering of its Class A common stock on Wednesday, December 2.

Knightscope said that the offering would be worth US$ 40 million, and it will be listed immediately after closing on the Nasdaq Global Market. The offering comprises the sale of four million shares and each share will be priced at US$ 10.

Knightscope is an autonomous security robot (ASR) company and makes products that can be deployed to monitor people in neighbourhoods, malls, and parking lots.

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Knightscope has submitted the documents with the Securities and Exchange Commission (SEC) and has qualified. It will trade under the stock symbol KSCP.

How to buy the KSCP stock?


The California-based company is not taking the traditional initial public offering route.

For retail investors, the company is offering pre-IPO shares as well. Knightscope has given priority to retail investors over big players on Wall Street, and they can easily get hold of the shares before the debut.

How to invest in Knightscope?

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Digital Offering, LLC, is acting as the sole underwriter and the lead selling agent for the offering. The shares can be purchased through multiple broker-dealers within 30 to 45 days.

Notably, the pre-IPO stock is available on Knightscope's website and retail investors can use the My IPO platform on the website to buy the shares ahead of the listing.

If you are not registered on the platform, you can easily set up an account on My IPO and a minimum investment of US$ 500 is required to buy the shares.

Bottom line

Knightscope is going public to use the net proceeds to enhance its existing fleet of ASRs.

The company will also use the money to invest in technologies that could be used to accelerate robot adoption as a mainstream security asset for various places like schools, hospitals, manufacturing facilities and government organizations among others.

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