Barclays, Jefferies were joint bookrunners; Canaccord Genuity assisted
By Devika Patel
Knoxville, Tenn., Sept. 17 – ReWalk Robotics Ltd. said the underwriters for its initial public offering of stock opted to exercise the deal’s $5.4 million greenshoe in full for total proceeds of $41.4 million. The deal was announced July 10 and priced for $36 million with the greenshoe on Sept. 12.
The company sold 3.45 million ordinary shares at $12.00 apiece. Of the shares, 450,000 were part of the fully exercised greenshoe.
Barclays and Jefferies LLC were the joint bookrunning managers.
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.
|
| Issue: | Ordinary stock
|
| Amount: | $41.4 million (including $5.4 million greenshoe)
|
| Shares: | 3.45 million
|
| Price: | $12.00
|
| Warrants: | No
|
| Bookrunners: | Barclays and Jefferies LLC
|
| Co-manager: | Canaccord Genuity Corp.
|
| Announcement date: | July 10
|
| Pricing date: | Sept. 12
|
| Settlement date: | Sept. 17
|
| Expected listing: | Nasdaq: RWLK
|
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