Israeli company Babylon files for a $115 million NASDAQ IPO
Babylon, a leading developer of translation software solutions and search services, filed on Monday with the SEC to raise up to $115 million in an initial public offering. The Or Yehuda, Israel-based company, which was founded in 1997 and booked $144 million in sales for the 12 months ended 9/30/2012, plans to list on the NASDAQ under the symbol BBYL. Citi and Jefferies & Co. are the joint bookrunners on the deal. No pricing terms were disclosed.
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