Connect with us

Hi, what are you looking for?

Jewish Business News


Enzymotec Seeks $100 Million Nasdaq Exit

Enzymotec Ltd. Files Registration Statement for Proposed Secondary Offering

Sobhi Basheer IN

 Enzymotec Ltd. (Nasdaq:ENZY) today announced that it has filed a registration statement on Form F-1 with the Securities and Exchange Commission for a proposed secondary public offering of 4, 000, 000 of its ordinary shares.

The underwriters will have a 30-day option from the date of the offering to purchase up to an additional 600, 000 ordinary shares.  All of the shares will be offered by the Company’s shareholders. The Company will not receive any proceeds from the sale of these shares.

Enzyomtec did not disclose which shareholders will participate in the offer to sell. Its largest shareholder is Galam Group Ltd. of Kibbutz Ma’anit, with a 32% stake currently worth $167 million. XT Investments Ltd. (formerly Ofer Hi-Tech) owns 14.2%, currently worth $79 million; and Millennium Material Technologies Fund owns 7.7%, worth $43 million, Enzymotec CEO Dr. Ariel Katz owns 3%. Other shareholders include Mexico’s Arancia Industrial SA de CV and GlenRock Israel.

BofA Merrill Lynch and Jefferies LLC will act as joint book-running managers for the proposed offering. Wells Fargo Securities, LLC will act as lead manager for the proposed offering. Canaccord Genuity Inc. and Wedbush Securities Inc. will act as co-managers for the proposed offering.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The contract signed between the Israeli government and Pfizer shows clearly and unequivocally that this is a clinical study on humans - The agreement...


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

cialis cialis satış