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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9Nova Announces 2010 Fourth Quarter and Full Year Results JakeStraw-02/15/2011 07:40 AM
8Anyone still follow NVMI? JakeStraw-02/04/2011 11:02 AM
7Intel to build 'Fab 28' in Israel SANTA CLARA, Calif., Dec. 1, 2005 – Ikinkblot-12/01/2005 11:38 AM
6SEZ Index, weekly chart  Comparing the April low to the (kinkblot-10/17/2005 11:04 AM
5I bought a few shares, with great difficulty, as trading is thin. This stock hakinkblot-10/14/2005 12:14 AM
4 Nova Shipped 500 ITM Systems for CMP REHOVOTH, Israel--(BUSINESS WIRE)--May 22,Mike Sendler-05/31/2000 11:29 AM
3 Nova Measuring Instruments Announces Record Revenues For the First Quarter of 2Mike Sendler-05/04/2000 01:46 PM
2 ADVISORY/Nova Measuring Instruments First Quarter Results Conference Call ShMike Sendler-05/02/2000 12:13 AM
1 NVMI on Edgar- on line.  Mike Sendler-04/09/2000 02:30 AM
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