KORNIT DIGITAL LTD. (NASDAQ:KRNT), surged 41.10% and is now trading at $13.80, hitting new 52-week high of $14.18.
Today, NASDAQ, (NDAQ) declared that trading of KORNIT DIGITAL LTD. (KRNT), commenced on The NASDAQ Stock Market on April 2, 2015.
Kornit Digital develops and manufactures printing solutions for the garment, apparel and textile industries. Kornit provides both designers and manufacturers with a comprehensive digital printing solution. Founded in 2002, Kornit Digital is a global corporation with offices in the U.S., Asia Pacific and Europe with customers in more than 100 countries worldwide.
“Kornit’s vision is to revolution the printing solutions industry through its digital methods of production, which speak to the evolving supply, demand and environmental needs,” said Nelson Griggs, Executive Vice President of Listing Services at NASDAQ. “Kornit is a welcome addition to the NASDAQ family of listed companies and we congratulate the Corporation on a successful initial public offering.”
On Wednesday, a corporation that develops, designs and markets innovative digital printing solutions for the global printed textile industry, declared the pricing of its initial public offering of 7,100,000 ordinary shares at a price to the public of $10.00 per share. All of the shares are being offered by Kornit. In addition, Kornit has granted the underwriters a 30-day option to purchase up to an additional 1,065,000 ordinary shares to cover over-allotments, if any. The shares are predictable to start trading on the NASDAQ Global Market on April 2, 2015 under the ticker symbol “KRNT.”
Barclays Capital Inc. and Citigroup Global Markets Inc. are acting as joint book-running managers and as representatives of the underwriters in the offering. William Blair & Corporation, L.L.C., Stifel, Canaccord Genuity Inc. and Needham & Corporation, LLC are acting as co-managers in the offering.
Kornit develops, designs and markets innovative digital printing solutions for the global printed textile industry. Kornit’s solution comprises its proprietary digital printing systems, ink and other consumables, associated software and value added services.
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