The offering was oversubscribed more than fourfold at the maximum price. This is the first time that an IPO by a biomedical company closed at the top of the price range. In the institution tender last week, the company received orders for 80% of the offering, which was oversubscribed 1.4-fold.
Clal Finance Underwriting Ltd. and Gaon Underwriting and Investment Ltd. were the underwriters.
© Copyright of Globes Publisher Itonut (1983) Ltd. 2006
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