DOF Robotics, a cruise supplier in the robotics industry offering simulation systems and educational stories, is going public.

The IPO represents a strategic step on the company’s sustainable growth path and will play a significant role in investing in high-value-added projects, increasing production capacity and expanding into new markets, DOF Robotics said in a press release.

The supplier completed its Initial Public Offering (IPO) in Borsa Istanbul of over $40 million, equivalent to 29 percent of the company’s current value, amid significant investor demand.

According to the press release, the IPO will be directed toward expanding R&D projects, global offices and warehouses, sustainable production facilities and next-generation content development.

DOF Robotics has 19 years of exper

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