Nordic retail robot IPO carries steep price tag

Bots are seen at a fulfilment centre in Andover, Britain, May 1, 2018.

Bots are seen at a fulfilment centre in Andover, Britain, May 1, 2018.

Source: REUTERS/Peter Nicholls

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29 Sep 2021 | By   Karen Kwok Follow @KarenKKwok
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AutoStore, the SoftBank-backed firm that sells automated warehouses, is listing in Oslo for up to $15 billion. It’s a bet on the boom in online shopping and grocery delivery. Yet the rich valuation relies on breakneck growth in a competitive market and downplays legal risks.

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