Gauzy Ltd. (GAUZ) to Raise $75 Million in IPO
Gauzy Ltd. (GAUZ) is set to raise $75 million in an upcoming initial public offering (IPO) on Thursday, June 6th, according to IPO Scoop. The company plans to issue 4,166,667 shares at a price range of $17.00-$19.00 per share.
In the past year, Gauzy Ltd. reported revenue of $85.3 million but also incurred a net loss of $74 million. With a market capitalization of $333.3 million, Gauzy Ltd. aims to revolutionize the light and vision control industry by offering innovative solutions for everyday environments.
Founded in 2009, Gauzy Ltd. has grown to have 621 employees and is headquartered in Tel Aviv, Israel. The company’s cutting-edge nanotechnology and electronics capabilities in light control, along with mechatronics and image analysis technologies in vision control, have positioned it as a leader in the market.
Gauzy Ltd.’s key products include suspended particle device (SPD) and liquid crystal (LC) films for smart glass applications, as well as camera monitoring systems (CMS) and advanced driver assistance systems (ADAS). The company has established partnerships with major players in the aerospace, automotive, and architecture industries, such as Boeing, Honda, Mercedes, and Ford.
In addition to its core markets, Gauzy Ltd. sees potential applications for its products in sectors like railway, maritime, specialty vehicles, private security, and consumer appliances. The company’s focus on research and development, innovation, and proprietary technologies sets it apart in the industry.
With its IPO on the horizon, Gauzy Ltd. is poised to make a significant impact in the light and vision control sector, offering a comprehensive range of solutions for diverse markets and applications.
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