According to the prospectus, the share price for the issue will be $10-12.
On Friday, Israeli company Scopus Video Networks announced that it had filed a registration statement with the US Securities and Exchange Commission for an initial public offering of its ordinary shares. All the shares to be sold in the offering will be offered by the company.
Scopus plans to raise some $50 million from the public at a price of $10-12 per share, giving a company value of about $144 million.
Thomas Weisel Partners LLC will act as sole book-runner for the offering and CIBC World Markets will act as co-lead manager. Needham & Company, LLC and Oppenheimer & Co. will act as co-managers.
The company develops solutions for real-time digital video transmission on broadband networks. Its products are currently installed with over 500 network operators in some 50 countries. Scopus employs 249 people, 103 of them (41%) in R&D.
Published by Globes [online], Israel business news - www.globes.co.il - on November 20, 2005