Caesarstone (CSTE) Commences 6.66M IPO; Sees Price of $14-$16/Share
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Caesarstone Sdot-Yam Ltd., (Nasdaq: CSTE) has commenced an initial public offering of 6,660,000 ordinary shares pursuant to a registration statement filed on Form F-1 filed with the U.S. Securities and Exchange Commission. The Company is offering 5,660,000 ordinary shares and its shareholders are offering 1,000,000 ordinary shares. The underwriters will be granted a 30-day over-allotment option to purchase up to 999,000 additional shares from the selling shareholders to cover over-allotments, if any.
The estimated price range is $14.00 to $16.00 per share. Caesarstone's ordinary shares have been approved for listing on the Nasdaq Global Select Market, subject to official notice of issuance, under the symbol "CSTE."
The estimated price range is $14.00 to $16.00 per share. Caesarstone's ordinary shares have been approved for listing on the Nasdaq Global Select Market, subject to official notice of issuance, under the symbol "CSTE."
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