Globes: Jaglom the big winner from planned Objet Nasdaq IPO
Published on Mar 25 2012 // Business and Financial News
March 25, 2012–3D printing solutions developer Objet Ltd. has filed a prospectus with the US Securities and Exchange Commission (SEC) to raise $75 million in a Nasdaq IPO. The prospectus of the Rehovot based company does not disclose the company value. Objet may yet forego the IPO, if there is a good offer on the table to buy the company.
The biggest shareholder in the Rehovot-based company, which was founded in 1998, is Elchanan Jaglom who owns 27.6% through his company Samson Capital. Jaglom is a 70 year-old Israeli who lives in Switzerland and his family is believed to be worth hundreds of millions of dollars. If Objet holds a public offering or is sold then Jaglom’s share is worth at least $100 million…Read More>>
