The online translation company had previously said that it planned to hold the offering during the first quarter of 2013.
The share price of online translation company Babylon Ltd. (TASE:BBYL) fell 4.3% by mid-afternoon today to NIS 21.82, giving a market price of NIS 1.07 billion, after company notified the TASE that it has not yet decided on a suitable date for a possible offering in the US. The company had previously said that it planned to hold the offering during the first quarter of 2013.
Babylon added, "When a suitable date is chosen, after a review of the market and other conditions, we will provide an update as required by law."
In November 2012, Babylon filed a shelf prospectus with the US Securities and Exchange Commission (SEC) to raise up to $115 million in the US.
Published by Globes [online], Israel business news - www.globes-online.com - on February 13, 2013
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