Gauzy launches IPO on NASDAQ at compromised USD244m valuation
Categories: Capital Markets
Israeli smart glass company Gauzy raised USD75 million in an IPO, valuing the company at a reduced USD244 million before the money and USD319 million afterwards, according to a report in Calcalist.
Founded in 2010, Gauzy has developed smart glass allowing for the control of the shading level of the glass in vehicles or buildings. Among its customers are manufacturers of windshields for vehicles, television manufacturers, and more, including the South Korean corporation LG, car manufacturers BMW, Hyundai, Mercedes and Texas Instrument.
Greenberg Traurig advised the company on the US aspects, while Gornitzky supported the company in the Israeli aspects.
Latham & Watkins (as U.S.) and Goldfarb Gross Seligman (as Israeli) advised as underwriters’ counsel.
