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Ondas Holdings Priced, Nasdaq: ONDS

Provides a software-defined radio system to create private broadband networks.

Industry: Communication Services

Latest Trade: $2.41 -0.09 (-3.4%)

First Day Return: +2.5%

Return from IPO: -58.5%

Industry: Communication Services

Ondas Networks provides wireless connectivity solutions enabling mission-critical Industrial Internet applications and services. We refer to these applications as the Mission-Critical Internet of Things (“MC-IoT”). The Company’s wireless networking products are applicable to a wide range of MC-IoT applications which are most often located at the very edge of large industrial networks. These applications require secure, real time connectivity with the ability to process large amounts of data at the edge. Such applications are required in all of the major critical infrastructure markets including rail, electric grids, drones, oil and gas, and public safety and government, where secure, reliable and fast operational decisions are required in order to improve efficiency and ensure a high degree of safety and security. We design, develop, manufacture, sell and support FullMAX, our patented, Software Defined Radio (“SDR”) platform for secure, licensed, private, wide-area broadband networks. Our customers install FullMAX systems in order to upgrade and expand their legacy wide-area network (“WAN”) infrastructure. Our MC-IoT intellectual property has been adopted by the Institute of Electrical and Electronics Engineers (“IEEE”), the leading worldwide standards body in data networking protocols, and forms the core of the IEEE 802.16s standard.
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IPO News for Ondas Holdings
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IPO Data
IPO File Date 10/26/2020
Offer Price $6.00
Price Range $6.00 - $6.00
Offer Shares (mm) 5.0
Deal Size ($mm) $30
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 12/03/2020
Offer Price $6.00
Price Range $6.00 - $6.00
Offer Shares (mm) 5.0
Deal Size ($mm) $30
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Sunnyvale, CA
Founded 2006
Employees 18
Website www.ondas.com