Kornit Digital (KRNT) Files $115M IPO

Kornit Digital Ltd. (Nasdaq: KRNT) filed with the U.S. SEC for an IPO of its Common Stock. The proposed maximum offering amount is $115 million. The company plans to list on the Nasdaq under the tickerKRNT.

The offering is being made via Barclays, Citigroup, William Blair, Stifel, Canaccord Genuity, and Needham & Company.

Quick stats from Kornit:

We were founded in 2002 in Israel, shipped our first system in 2005 and, as of December 31, 2014, had an installed base of over 1,200 systems globally.

As of December 31, 2014, we had 251 employees located across four regions: Israel, the United States, Europe and the Asia Pacific region.

In 2014, we generated revenues of $66.4 million, representing an increase of 34.4 percent over the prior fiscal year, and recorded net income of $3.0 million. In 2014, we generated 55.4 percent of our revenues from the Americas, 27.1 percent from EMEA and 17.5 percent from the Asia Pacific region.

Kornit develops, designs, and markets innovative digital printing solutions for the global printed textile industry.

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