Home seltzer systems maker Sodastream International Ltd. priced the 5.45 million shares offered in its Nasdaq IPO at $20 per share, raising $109 million, at a company value of $367 million, after money. The company offered the shares at $18-20.
Trading in SodaStream's share will begin on November 8, under the ticker "SODA".
Fortissimo Capital's stake in SodaStream was reduced 40% to 28%. Fortissimo's $12 million in the company is now worth $100 million.
JPMorgan Securities LLC and Deutsche Bank Securities Inc. are the joint bookrunning managers for the offering. They have a 30-day option to purchase an additional 817,105 shares to cover overallotments.
SodaStream is based at Airport City, near Ben Gurion Airport.
Published by Globes [online], Israel business news - www.globes-online.com - on November 3, 2010
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