Barclays, Jefferies are joint bookrunners; Canaccord Genuity assists
By Devika Patel
Knoxville, Tenn., Sept. 12 – ReWalk Robotics Ltd. priced its $36 million initial public offering of stock with a $5.4 million greenshoe, according to a free-writing prospectus filed Friday with the Securities and Exchange Commission. The deal was announced on July 10.
The company will sell 3 million ordinary shares at $12.00 apiece.
Barclays Capital Inc. and Jefferies LLC are the joint bookrunning managers.
Settlement is expected no Sept. 17.
Proceeds will be used for general corporate purposes, including sales, marketing, research and development.
The medical device company is based in Yokneam Ilit, Israel. The company intends to list its common stock on the Nasdaq stock exchange under the symbol “RWLK.”
| Issuer: | ReWalk Robotics Ltd.
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| Issue: | Ordinary stock
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| Amount: | $36 million
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| Greenshoe: | $5.4 million
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| Shares: | 3 million
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| Price: | $12.00
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| Warrants: | No
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| Bookrunners: | Barclays Capital Inc. and Jefferies LLC
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| Co-manager: | Canaccord Genuity Corp.
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| Announcement date: | July 10
|
| Pricing date: | Sept. 12
|
| Settlement date: | Sept. 17
|
| Stock exchange: | Nasdaq: RWLK
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