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.
Featured Product
Midwest Motion Products Inc - "GRA52" Right Angled Gearmotor System
Midwest Motion Products Inc., based in Howard Lake, Minnesota, is pleased to announce the release of the new "GRA52" Right Angled Gearmotor System.
This new 1:1 Right Angled Gearbox allows for significantly increased versatility, and design whose geometry allows for the unit to be mounted in tight spaces.
We employ our Standard Brushed or Brushless DC Motors and Planetary Gearheads to complete the new R/A Design.
Features/Benefits: Cost effective design - as low as $250*, Very Versatile - Output Ratios ranging from 3.7:1 to 2076:1, Fully Reversible Design, Readily available - Samples can be built from Stock Material, High Volume capacity.
