Credit: Shutterstock photoCaesarstone, which manufactures quartz surfaces for use in countertops and other interior spaces, announced terms for its IPO on Tuesday. The Israel-based company plans to raise $100 million by offering 6.7 million shares (15% insider) at a price range of $14.00 to $16.00. At the midpoint of the proposed range, Caesarstone would command a market value of $485 million. Caesarstone, which was founded in 1987 and booked $260 million in sales in 2011, plans to list on the NASDAQ under the symbol CSTE. J.P. Morgan, Barclays and Credit Suisse are the lead underwriters on the deal.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
