Kofax to price initial public stock offering between $5.25 and $6.25

Craig-Hallum assists; proceeds will fund general corporate purposes

By Devika Patel

Knoxville, Tenn., Nov. 22 - Kofax Ltd. will sell 2 million common shares in its initial public offering with a greenshoe of 300,000 additional shares, according to a Form F-1/A filed Friday with the Securities and Exchange Commission. The deal was announced Oct. 3.

The company will sell the shares at a price expected to fall between $5.25 and $6.25 per share.

Craig-Hallum Capital Group is the bookrunner.

Proceeds will be used for general corporate purposes.

The Irvine, Calif.-based company provides smart process applications software and related maintenance and professional services. The company will apply to list its stock on the Nasdaq exchange under the symbol "KFX."

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.