Kornit Digital Priced, Nasdaq: KRNT

Sells digital printing equipment and inks to the printed textile industry.

Industry: Industrials

Latest Trade: $18.00 0.00 (0.0%)

First Day Return: +40.0%

Return from IPO: +80.0%

Industry: Industrials

We develop, design and market innovative digital printing solutions for the global printed textile industry. Our vision is to revolutionize this industry by facilitating the transition from analog processes that have not evolved for decades to digital methods of production that address contemporary supply, demand and environmental dynamics. We focus on the rapidly growing high throughput, direct-to-garment, or DTG, segment of the printed textile industry. Our solutions include our proprietary digital printing systems, ink and other consumables, associated software and value added services that allow for large scale printing of short runs of complex images and designs directly on finished garments. Our solutions are differentiated from other digital methods of production because they eliminate the need to pre-treat fabrics prior to printing, thereby offering custom decorators, online businesses, brand owners and contract printers the ability to digitally print high quality images and designs on a variety of fabrics in a streamlined and environmentally-friendly manner. When compared to analog methods of production, our solutions also significantly reduce production lead times and enable customers to more efficiently and cost-effectively produce smaller quantities of individually printed designs, thereby mitigating the risk of excess inventory, which is a significant challenge for the printed textile industry.
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IPO News for Kornit Digital
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IPO Data
IPO File Date 02/25/2015
Offer Price $10.00
Price Range $13.00 - $15.00
Offer Shares (mm) 7.1
Deal Size ($mm) $71
IPO Data
IPO Date 04/01/2015
Offer Price $10.00
Price Range $13.00 - $15.00
Offer Shares (mm) 7.1
Deal Size ($mm) $71
Underwriters
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Company Data
Headquarters Rosh Ha'Ayin, Israel
Founded 2002
Employees 251
Website www.kornit.com