ISRAEL TECH IPO NEWS
CMT LOOKING TO NASDAQ
CMT Medical Technologies (Nouveau Marche: CMT), which develops x-ray-based imaging systems, is looking to dual-list on Nasdaq. The company held an IPO in Paris in May 1999, raising $7 million at a company value of $42 million. CMT’s share price has risen 35% since the beginning of the year, currently trading at €15.50 and reflecting a market value of $51 million. CMT sells its products to three of the world’s four leading x-ray manufacturers - Toshiba, General Electric, and Siemens - which together control 80% of the market. FY2001 revenue was $20.2 million, compared with $16.2 million in 2000. The company’s bottom line showed a net profit in 2001 of $4.25 million, compared with $4 million in 2000.
www.cmt-med.com
NOVA TO DUAL-LIST ON TASE
Nova Measuring Instruments (Nasdaq: NVMI) is listing its shares on the Tel Aviv Stock Exchange. The company, whose products are designed for the semiconductor industry, began the dual listing process several months ago.
www.nova.co.il