Barclays, Citigroup, Blair, Stifel, Canaccord Genuity, Needham assist
By Devika Patel
Knoxville, Tenn., April 8 – Kornit Digital Ltd. said the underwriters for its initial public offering of stock opted to exercise the deal’s $10.65 million greenshoe in full for total proceeds of $81.65 million. The deal priced for $71 million with the greenshoe on April 1.
The company sold 8,165,000 ordinary shares at $10.00 per share. Of the shares, 1,065,000 were part of the fully exercised greenshoe.
Barclays and Citigroup Global Markets Inc. were the bookrunning managers.
Based in Rosh-Ha'ayin, Israel, Kornit develops and sells digital printing products for the global printed textile industry. The company intends to list its common stock on the Nasdaq stock exchange under the symbol “KRNT.”
Issuer: | Kornit Digital Ltd.
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Issue: | Ordinary stock
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Amount: | $81.65 million, including $10.65 million greenshoe
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Shares: | 8,165,000
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Price: | $10.00
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Warrants: | No
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Bookrunners: | Barclays and Citigroup Global Markets Inc.
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Co-managers: | William Blair & Co., LLC, Stifel, Canaccord Genuity Inc. and Needham & Co., LLC
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Pricing date: | April 1
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Settlement date: | April 8
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Stock exchange: | Nasdaq: KRNT
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