SodaStream International, which manufactures systems that allow consumers to transform tap water into carbonated soft drinks, filed and anounced terms for its IPO on Tuesday. The Israel-based company plans to raise $90 million by offering 4.7 million shares at a price range of $18-$20. At the mid-point of the proposed range, SodaStream International will command a market value of $354 million. SodaStream International, which was bought out by Israel-based private equity firm Fortissimo Capital in 2007 and booked $144 million in sales last year, plans to list on the NASDAQ under the symbol SODA. J.P. Morgan and Deutsche Bank Securities are the lead underwriters on the deal, which is expected to price during the week of November 1.
