| Valor IPO Could Bring $80M |
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| Monday, 14 January 2008 05:28 | |||
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YAVNE, ISRAEL – Software provider Valor Computerized Systems plans an initial public offering of ordinary shares, according to a Securities and Exchange Commission filing. The company did not disclose the expected size or price range of the IPO, but indicated the planned March offering may net up to $80.5 million. The company plans to offer $50 million of shares, while shareholders will make an offer to sell of up to an additional $20 million of their shares and underwriters will be granted options for an additional $10.5 million worth of shares. For the nine months ended Sept. 30, Valor's earnings were $2.2 million on revenue of $31.4 million. Valor, currently traded on the Frankfurt Exchange, said its new symbol will be "VLOR."
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| Last Updated on Monday, 14 January 2008 08:42 |
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Cognex Debuts CIC Digital Camera Series
Cognex Industrial Camera (CIC) series are GigE Vision digital industrial cameras designed for integration with VisionPro and CVL vision software. First four models are 29mm x 29mm, monochrome, area...
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