Hyundai Motor chief to raise Boston Dynamics stake, fueling Nasdaq IPO prospect

Hyundai Motor Group Executive Chair Chung Euisun is set to increase his personal stake in Boston Dynamics to 25 percent by investing an additional 120 billion won ($80.5 million), a move that could accelerate the robotics firm's long-anticipated Nasdaq listing.

Chung and other Boston Dynamics shareholders are considering acquiring the 9.65 percent stake held by SoftBank, after the Japanese investment firm exercised its put option.

The shares would be divided among the existing shareholders in proportion to their current holdings.

Under the current ownership structure, HMG Global owns 56.4 percent of Boston Dynamics, while Chung holds 22.6 percent, Hyundai Glovis owns 11.25 percent and SoftBank retains the remaining 9.65 percent.

If the transaction is completed, HMG Global's stake would rise to 62.5 percent, Chung's to 25 percent and Hyundai Glovis' to 12.5 percent, effectively giving Hyundai Motor Group full ownership of the robotics company.

Chung has consistently expanded his personal investment in Boston Dynamics since Hyundai Motor Group acquired a controlling stake in the company fr ...