Ampal-American Israel Corporation (NASD: AMPL, NASD:AMPLP) Message Board

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Strategies & Market Trends : Ampal-American Israel Corporation (NASD: AMPL, NASD:AMPLP)

AMPL 11.91

-0.1%

10:37 AM EST

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To: architect* who wrote (67)	8/2/2000 1:02:28 AM
From: architect*	Read Replies (2) of 77

Tuesday August 1, 8:06 pm Eastern Time Floware Wireless Systems Ltd. Floware prices IPO at $13 per share, in upper range NEW YORK, Aug 1 (Reuters) - Shares of Israeli broadband wireless company Floware Wireless Systems Ltd. (Nasdaq: FLRE - news) were priced at $13 per share in an initial public offering on Tuesday, at the high end of the company's estimated price range, said the lead underwriters. Floware company profile ipo.com Floware IPO offering / pricing ipo.com The company raised $58.5 million by selling 4.5 million shares. Floware had estimated that its shares would price at $11-$13 per share. from the annual report >In September 1999 AMPL invested $2.5 million at a pre-money valuation of $80 million, for a 2.45% equity interest in Floware. In first quarter 2000 Siemens AG increased it's equity interest in Floware to 28% (8.61 million shares)...as a result Ampal's stake declined to 1.7% quick math if 8.61 million shares is 28% the total outstanding shares for Floware FLRE is 30.75 million O/S X $13 or $400 million market cap

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