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Voltaire Ltd. Announces Pricing of Initial Public Offering of 5,770,000 Ordinary Shares
Herzeliya, ISRAEL and Billerica, MA - July 25, 2007 - Voltaire
Ltd. (Nasdaq: VOLT) announced today the pricing of its initial public
offering of 5,770,000 ordinary shares at $9.00 per share. Voltaire’s
ordinary shares will be listed on The Nasdaq Global Market under the
symbol “VOLT” and will begin trading on July 26, 2007. The closing of
the offering is scheduled to take place on July 31, 2007. Voltaire
expects to receive net proceeds from the offering, after deducting the
underwriting discount and estimated offering expenses, of approximately
US$46.0 million. About VoltaireVoltaire designs and develops server and storage switching and software solutions that enable high-performance grid computing within the data center. Voltaire refers to its server and storage switching and software solutions as the Voltaire Grid Backbone™. Voltaire’s products leverage InfiniBand technology and include director-class switches, multi-service switches, fixed-port configuration switches, Ethernet and Fibre Channel routers and standards-based driver and management software. Voltaire’s solutions have been sold to a wide range of end customers including governmental, research and educational organizations, as well as enterprises in the manufacturing, oil and gas, entertainment, life sciences and financial services industries. Founded in 1997, Voltaire Ltd. is headquartered in Herzeliya, Israel, and has its U.S. headquarters in Billerica, Massachusetts. |
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© 2007 Quicksilver Ventures |