SVRE News

After a week of no IPOs or SPACs, May closed out with one small deal. Three IPOs and one SPAC submitted initial filings. Zhong Yang Financial Group (TOP) priced at the low end to raise $25 million at a $175 million market cap. The Hong Kong-based online brokerage specializes in the trading of equities, futures, and options, and generates most revenues from...read more

SaverOne 2014, which is developing an electronic system that blocks cellphone use while driving, raised $12 million by offering 2.9 million units at $4.13, slightly above the as-converted last close of its shares on the Tel Aviv Stock Exchange ($4.08). Each unit consists of one ADS and one warrant, exercisable at $5. The company offered 0.7 million more units than previously...read more

SaverOne 2014, which is developing an electronic system that blocks cellphone use while driving, revised the terms for its upcoming IPO on Monday. The Petah Tikvah, Israel-based company now plans to raise $13 million by offering 2.5 million units at $5.16, the as-converted April 27 close of its shares on the Tel Aviv Stock Exchange (SAVR). Each unit consists of one ADS and one...read more

SaverOne 2014, which is developing an electronic system that blocks cellphone use while driving, announced terms for its IPO on Wednesday. The Petah Tikvah, Israel-based company plans to raise $10 million by offering 1.4 million ADSs at $7.22, the as-converted March 28 close of its shares on the Tel Aviv Stock Exchange (SAVR). At that price, SaverOne would command a market value of...read more