Connect with us

Hi, what are you looking for?

Jewish Business News


Actelis Networks’ NASDAQ IPO Is a Bust

The Actelis Networks initial public offering (IPO) is officially a bust. At the end of the company’s first day of public trading on the NASDAQ its share prices fell by 50% from the IPO price, ending the day at $2 per share, for a market cap of just $34.7 million, way down from the anticipated $70 million valuation.

So not every company coming out of Israel Startup Nation is a success story. We have gotten so used to all of the multi-billion IPOS and unicorns coming out of Israel lately that it is hard to understand that sometimes there are failures too. Ad Actelis Networks did not even expect to be a super sized company worth billions.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

On Wednesday, Actelis Network sclosed its upsized underwritten initial public offering of an aggregate of 4,212,500 shares of common stock, including the partial exercise by the underwriter of its option to purchase 462,500 additional shares of common stock, at a price to the public of $4.00 per share.

The net proceeds from the offering, including the over-allotment, to Actelis were approximately $15.4 million, after deducting underwriting discounts and commissions and estimated offering expenses payable by Actelis. Boustead Securities, LLC acted as the sole managing underwriter and bookrunner for the initial public offering.

Founded in 1998, Actelis Networks offers cyber-hardened, hybrid fiber-copper networking solutions for wide-area IoT applications including federal, state and local government, ITS, military, utility, rail, telecom and campus applications. Actelis boasts that its portfolio of hybrid fiber-copper, environmentally hardened aggregation switches, high density Ethernet devices, advanced management software and cyber-protection capabilities, unlocks the hidden value of essential networks, delivering safer connectivity for rapid, cost-effective deployment.

Actelis Networks declared revenues of $8.5 million for 2021, which was the same in 2020. The company’s net losses increased in that time, however, from $1.5 million in 2020 to $5.3 million in 2021 due what it said were increased expenses.



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 Movie The Professional is what made Natalie Portman a Lolita.


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.