The company has met with Morgan Stanley and with another large US underwriter.
The primary market on Wall Street for technology companies is showing signs of recovery. Two Israeli companies have already held issues on Nasdaq so far this year, D Medical Industries Ltd. (Nasdaq: DMED); TASE:DMDC), and MediaMind Technologies Inc. (Nasdaq: MDMD) (formerly Eyeblaster), and other company plans to take advantage of the window of opportunity that has opened - business transaction management solutions developer OpTier Inc.
Sources inform ''Globes'' that OpTier's management has already held several meetings in recent weeks with underwriters and investment banks with the goal of holding an IPO in 2011. The company has met with Morgan Stanley (NYSE: MS), an investor in the company, and with another large US underwriter.
OpTier was founded in 2002 by former executives of Memco. The company plans to hold an IPO at a company value of $200-250 million. The amount of money that the company wants to raise is not yet clear.
OpTier declined to comment on the report.
Published by Globes [online], Israel business news - www.globes-online.com - on August 29, 2010
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