Kofax announces plans for initial public offering of common stock

Craig-Hallum assists; proceeds will fund general corporate purposes

By Angela McDaniels

Tacoma, Wash., Oct. 3 - Kofax Ltd. plans to price an initial public offering of common stock. Craig-Hallum Capital Group is the bookrunner. It will be granted an over-allotment option.

The company will apply to list its stock on the Nasdaq Global Select Market under the symbol "KFX," according to an F-1 filing with the Securities and Exchange Commission.

Proceeds will be used for general corporate purposes.

The company said its ordinary shares trade on the London Stock Exchange under the symbol "KFX.L." They closed at 359p on Oct. 2.

The Irvine, Calif.-based company provides smart process applications software and related maintenance and professional services.

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