By Robert Knapel for IsraelStrategist.com–March 26, 2012
Israel has the third most companies listed on the Nasdaq behind the United States and China. Soon, it will have yet one more company listed.
Object Ltd. filed for an IPO on March 22 with the hopes of raising as much as $75 million through the sale of Class A stock. The Rehovot-based company sells 3D printers that are used to create models. These models are used in the automotive industry, electronics industry and consumer goods industry among others. They are created as the printers continually deposit layers of resin on top of each other.
Demand for these three-dimensional printers has risen greatly over the past few years. In 2010, Object Ltd. sold 569 printers; in 2011, that number nearly doubled to 929.
Revenues for Objet also increased steadily in 2011 as the company brought in $121 million. Object had a 42% increase in net income which was $15 million in 2011
Shares of Object Ltd. will be listed on the NASDAQ under the ticker “OBJT”. It has not been announced when the shares will be listed.