SodaStream files for IPO on Nasdaq

Home-soda company's shares will be traded under the ticker “SODA.”

By SHIRI HABIB-VALDHORN
October 20, 2010 00:48
1 minute read.
drinking soda 88

drinking soda 88. (photo credit: )

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

Home-soda company Sodastream International Ltd. (formerly Soda Club) has filed a registration statement with the US Securities and Exchange Commission (SEC) for an IPO on Nasdaq. Its shares will be traded under the ticker “SODA.”

Airport City-based SodaStream manufactures home-beverage carbonation systems that enable consumers to easily transform ordinary tap water into carbonated soft drinks and sparkling water.


The company is controlled by Fortissimo Capital.

Be the first to know - Join our Facebook page.


Sodastream plans to hold the IPO at a company value of $336 million, based on the mid-point of the offering price. The company plans to offer shares at $18-$20 per share, raising a gross $85m.-$95m., which could rise to $108m. if the underwriters exercise their overallotment options.

The company has $5.7m. in cash. It plans to use $33m. of the proceeds to cover debts to financial institutions and $34m.

to build a factory.

Fortissimo Capital, which acquired its stake in SodaStream in 2007, will make $2.4m. for terminating its management services for the company.

SodaStream may also use part of the proceeds from the offering to acquire or invest in companies, products and technologies, although it stated in the prospectus that no such possibilities were presently on the agenda.

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS