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.
|
| Issue: | Ordinary stock
|
| Amount: | $81.65 million, including $10.65 million greenshoe
|
| Shares: | 8,165,000
|
| Price: | $10.00
|
| Warrants: | No
|
| Bookrunners: | Barclays and Citigroup Global Markets Inc.
|
| Co-managers: | William Blair & Co., LLC, Stifel, Canaccord Genuity Inc. and Needham & Co., LLC
|
| Pricing date: | April 1
|
| Settlement date: | April 8
|
| Stock exchange: | Nasdaq: KRNT
|
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