Technology Stocks: NOVA  
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Share This Board Moderated By: Mike Sendler -- (Not Moderated) -- Started: 3/26/2000 7:40:00 PM  Revision History

This is an existing company with many years of experience and systems installed all around the world. The system used on CMP tools for in-situ thickness measurement.

Wednesday March 15, 5:50 am Eastern Time
Israel's Nova seeks to raise $60 mln in Nasdaq IPO
JERUSALEM, March 15 (Reuters) - Israel's Nova Measuring Instruments Ltd has filed for a $60 million initial public offering on Nasdaq, its parent companies said on Wednesday.

The offering will be priced at $18 to $20 a share, the companies said in a statement to the Tel Aviv Stock Exchange.

This price values Nova at $230 million to $260 million before the offering, the statement said.

A Nova source said the money would be used for supporting reserarch and development, working capital and general corporate purchases. He said that although there is no set timetable, the offering should take place within a few weeks.

Brokerages Chase, SG Cowen and Needham will be the main underwriters.

Nova's major shareholder Clal Electronics currently owns a 25 percent stake but this will be reduced to 19 percent after the IPO. Clal said it expects a $10 million capital gain from the offering.

Nova develops, produces and markets monitoring and measurement systems for the semiconductor manufacturing industry.
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21Nova i500(R) Gains Market Recognition With Multiple Customers Orders finance.yahJakeStraw-07/07/2011 09:32 AM
20Nova Measuring Instruments designs, develops, produces and supplies integrated pJakeStraw-05/25/2011 01:35 PM
19Needham upgrades NVMI to a Strong Buy today... JakeStraw-05/05/2011 12:53 PM
18Nova Announces 2011 First Quarter Results  Record BookingJakeStraw-05/04/2011 08:08 AM
17Chip Equipment Makers Shine All Over  "Nova Measuring swivel-eyed loon-04/11/2011 12:37 PM
16NVMI Enters Oversold Territory  JakeStraw-04/07/2011 10:59 AM
15The company's revenues grew at a CAGR of 12.4% during the past five years. JakeStraw-04/06/2011 03:10 PM
14Nova Announces the Establishment of a Local Branch in South Korea 09:21 AM
13Nova Receives $12 Million Orders From 3 Major Foundries  JakeStraw-03/03/2011 07:47 AM
12That is true but I bailed out after a 10% loss, my limit for this one. I've SG-02/18/2011 05:16 PM
11SG, One day does not make a trend. Look at the 6 month chart for a better picturJakeStraw-02/17/2011 07:59 AM
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