ReWalk IPO gets $36 million; Corindus private placement gets $26.6

15 September 2014

share this:

ReWalk, the Israeli developer of exoskeletons, joins Ekso and Cyberdyne as publicly-traded companies on international stock exchanges. Their IPO Friday sold 3 million shares at $12 per share. The stock then went on to double and close at $25.60!

ReWalk Robotics was hoping to raise $50 million by selling 3.4 million shares at $15 but settled for selling only 3 million shares at an IPO price of $12. 24/7 Wall Street, an online financial news and opinion operation, reported that ReWalk’s low number of sales so far may have influenced the lower figures of the IPO.

Just 17 ReWalk Rehabilitation units and only 8 ReWalk Personal units sold in 2013. In 2012 the company sold 14 and 4 units, respectively. Sales were lower year-over-year in the first quarter of 2014 as well. That means that ReWalk is a play on future sales.

Corindus Vascular Robotics, a provider of robotic-assisted percutaneous coronary intervention (PCI) devices, has issued and sold 10.66 million shares in a private placement at $2.50 per share. Corindus’ FDA-cleared CorPath 200 System is the first medical device that offers interventional cardiologists PCI procedure control from a radiation protective interventional cockpit. This helps optimize clinical outcomes and minimizes the costs associated with complications through improper stent placement. Philips Electronics NV, a minority Corindus shareholder, is the primary distributor of Corindus devices.

tags: , , ,

Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.
Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.

Related posts :

Flocks of assembler robots show potential for making larger structures

Researchers make progress toward groups of robots that could build almost anything, including buildings, vehicles, and even bigger robots.
25 November 2022, by

Holiday robot wishlist for/from Women in Robotics

Are you looking for a gift for the women in robotics in your life? Or the up and coming women in robotics in your family? Perhaps these suggestions from our not-for-profit Women in Robotics organization will inspire!
24 November 2022, by and

TRINITY, the European network for Agile Manufacturing

The Trinity project is the magnet that connects every segment of agile with everyone involved, creating a network that supports people, organisations, production and processes.
20 November 2022, by

Fighting tumours with magnetic bacteria

Researchers at ETH Zurich are planning to use magnetic bacteria to fight cancerous tumours. They have now found a way for these microorganisms to effectively cross blood vessel walls and subsequently colonise a tumour.
19 November 2022, by

Combating climate change with a soft robotics fish

We have fabricated a 3D printed, cable-actuated wave spring tail made from soft materials that can drive a small robot fish.
17 November 2022, by

#IROS2022 best paper awards

Here we bring you the papers that received an award this year at IROS in case you missed them.
14 November 2022, by

©2021 - ROBOTS Association


©2021 - ROBOTS Association