ReWalk Robotics Hopes to Raise $50M in IPO

From Boston Herald:

A company with U.S. headquarters in Marlborough that was recently awarded FDA approval to sell its robotic exoskeletons for paraplegics plans to raise $50 million in an IPO this week, possibly on Friday.
Israeli-based ReWalk Robotics is planning to sell 3.5 million shares for between $14 and $16 each, which puts it at the low end of the 13 local health care companies which have gone public since the beginning of the year, more than any other year in history. Most of those have been biotech companies, however, making ReWalk the first robotics-focused company to do so in at least a couple of years... (cont'd)

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

SAS Automation - Robotic End-of-Arm Tooling

SAS Automation - Robotic End-of-Arm Tooling

SAS Automation's complete line of modular components allows you to rapidly build your end-of-arm tools in your own plant, meeting your ever-changing automation needs on-demand. And with our newly enhanced Online Shopping Cart, it's never been easier! IT'S SHOPPING MADE SIMPLE, with features like: • Responsive Design so you can access anytime -- desktop, tablet or phone -- with ease • CAD Model Access with 3D Software Integration • Order History • Saved Quotes • Tool Builder • Product Comparisons • Enhanced Search • Social Media Sharing • Product Reviews