AMPL investment holding to IPO soon
Sunday , Jul 16, 2000 Sun-Thu at 18:00 (GMT+3)
Headlines
Smart Link to Announce IPO Prospectus for Nasdaq Tomorrow
By Ella-Jacoby-Bashan
"Globes" has learned that Israeli company Smart Link is expected to announce tomorrow that it is submitting a prospectus for an IPO to the Nasdaq stock exchange. As reported by "Globes" two months ago, the company has been valued at more than $200 million, before money, for the IPO. The leading underwriter is investment bank Merrill Lynch, and Piper Jaffray will participate.
The company's chief shareholders are Hapoalim Investments and Ampal, each with 27%, KMT - the investment division of Taiwan's ruling Kuomintang political party, the IJT fund of the Evergreen group (9%), Clal Industries (8.6%), the Mofet fund (5.2%), and the Giza venture capital fund. Company founders and employees hold 25% of share capital.
A few months ago, the company raised $15 million at a company value of $100 million, after money. The company, which develops host based communication and multimedia solutions for the PC industry, was founded by Benjamin Maytal and Moty Mebel.
Published by Israel's Business Arena on 16 July, 2000 |
