Israeli company Wix Inc., which offers a free website building platform that requires no programming knowledge, is planning an IPO on Wall Street at a company value of $300 million. News agency Bloomberg reports that the Israeli company will seek around $75 million. The company, founded in 2006, has raised $66 million to date.
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Israeli company Medgenics Ltd., has raised $29.4 million in a public offering on Wall Street. Medgenics is developing a unique sustained-action therapeutic protein delivery technology for the treatment of a range of chronic diseases. The technology – called a “Biopump” – is made from the patient’s own skin and is implanted in a simple procedure to work inside the patient’s body.
Israeli pharmaceutical company Kamada Ltd., which specializes in developing, producing and marketing of specialty life-saving therapeutics, plans to raise some $50 million in stock. Business news agency Bloomberg reports that Kamada has hired Morgan Stanley and Jefferies Group Inc. to arrange the sale.