Nova Measuring Instruments Ltd. (Nasdaq:NVMI; TASE:NVMI) has become the latest Israeli tech company looking to take advantage of the Wall Street boom. The metrology solutions company for the semiconductor industry has announced that it is offering $150 million inconvertible senior notes due 2025. Nova is following the example of other Israeli tech companies Fiverr International (NYSE: FVRR), NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE), Wix.com Ltd. (Nasdaq: WIX) and SolarEdge Technologies (Nasdaq: SEDG), which have all raised debt in recent weeks. RELATED ARTICLES Tel Aviv 35: Tycoons out, technology in At the same time Nova has announced that its third quarter results are stronger than expected. Revenue in the third quarter of 2020 was $68-70 million, much higher than the guidance of $58-66 million. Non-GAAP net profit is $0.51-0.56 per share compared with guidance of $0.34-0.47 per share. The results will be published on November 12. The company has $216 million in cash in its coffers. The share price of Nova, managed by CEO Eitan Oppenhaim, is up 2.90% in premarket trading on Nasdaq at $58.50, giving a market cap of $1.6 billion. The share price has risen 76.7% over the past year. Published by Globes, Israel business news - en.globes.co.il - on October 13, 2020 © Copyright of Globes Publisher Itonut (1983) Ltd. 2020