🇺🇸LG-controlled Bear Robotics seeks ₩300–400 billion in pre-IPO funding at a target valuation of ₩2 trillion before a Nasdaq listing.

Bear Robotics, a U.S. robotics startup controlled by LG Electronics, is preparing for a potential Nasdaq listing, according to a report citing unidentified investment-banking sources. The company is currently seeking pre-initial public offering financing rather than announcing a completed funding round or filed IPO.

Bear Robotics reportedly selected Bank of America to arrange the financing. It is approaching domestic and international private-equity institutions as prospective participants.

The company is targeting a valuation of approximately ₩2 trillion and seeking to raise between ₩300 billion and ₩400 billion. These figures are fundraising objectives reported by the source, not the terms of a closed transaction.

The proposed proceeds would be used for robotics research and development. The source did not provide a Nasdaq filing date, offering size, financing conditions, investor commitments or final valuation.