Boston Dynamics IPO Push Puts SoftBank Put Option in Focus

Boston Dynamics, the robotics affiliate of Hyundai Motor Group, is moving faster toward a U.S. initial public offering. A key inflection point is expected next month, when major shareholder SoftBank is due to decide whether to exercise its purchase claim, or put option. Boston Dynamics is positioned by Hyundai Motor Group as a central part of its robotics business, and the U.S. IPO path could depend on the shareholding structure and shareholder decisions. In particular, SoftBank’s decision on the put option is being cited as a factor that could affect relations among major shareholders and the listing timeline. Market attention is now on how quickly the IPO process proceeds after next month’s decision. Source: mk.co.kr