Kornit Digital prices IPO at $10 per share

04 Apr '15

2 min read

Kornit Digital Ltd., a marketer of digital printing solutions has priced its initial public offering of 7,100,000 ordinary shares at a price of $10.00 per share.

Kornit has granted the underwriters a 30-day option to purchase up to an additional 1,065,000 ordinary shares to cover over-allotments, if any.

“The shares began trading on the Nasdaq Global Market on April 2, 2015 under the ticker symbol ‘KRNT’,” Kornit informed in a press release.

Barclays Capital Inc. and Citigroup Global Markets Inc. are acting as joint book-running managers and as representatives of the underwriters in the offering.

William Blair & Company, L.L.C., Stifel, Canaccord Genuity Inc. and Needham & Company, LLC are acting as co-managers in the offering.

A registration statement relating to these securities was filed with, and declared effective by, the Securities and Exchange Commission.

Kornit develops, designs and markets innovative digital printing solutions for the global printed textile industry.

Kornit's solution includes its proprietary digital printing systems, ink and other consumables, associated software and value added services.

Kornit operates globally with its headquarter in Rosh-Ha`Ayin, Israel, with US offices in Mequon, Wisconsin and additional sales, support and marketing offices in Germany and Hong Kong. (AR)

Fibre2fashion News Desk - India

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