Do-it-yourself website creator Wix Ltd. has raised a gross $127 million in its IPO on Nasdaq at $16.50 per share, the high end of its pricing of $14.50-16.50, and company valuation of $600 million. The underwriters have a 30-day option to purchase up to 1,155,000 additional shares at the offering price
The offering was for 7.7 million shares, of which Wix offered 5,712,446 shares, and shareholders are offered 1,987,554. Wix will not receive any proceeds from the sale of shares by shareholders.
Wix originally planned to go public on the New York Stock Exchange, but switched to Nasdaq in October.
Wix will begin trading today, 4:30 pm Israel time, and will ring the Nasdaq closing bell.
Published by Globes [online], Israel business news - www.globes-online.com - on November 6, 2013
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