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Management of Human Xtensions opened trading this morning on the occasion of the shares listing on TASE.
Human Xtensions will be included in TASE's Biomed Sector that currently comprises 33 companies with a total market cap of NIS 80 billion. Human Xtensions will be the second largest of the 8 medical devices companies listed on TASE.
Human Xtensions has developed a modular handheld surgical system for minimally invasive procedures.
The company raised NIS 159 million in a “book building" offering to institutional investors, based on a company market cap of NIS 585 million.
At the beginning of February 2021, the company shares will join the SME-60, SME-150, Tech-Elite, Global BlueTech, TA-Biomed and TA-Industrials indices.
Dr. Tami Frenkel, Co-Founder and CEO of Human Xtensions, said: “We are proud to join TASE and consider this an important opportunity for optimizing the competitive edge of Human Xtensions and creating value for the investors. Over the past decade we have built a company that offers a specialized technology for minimally invasive surgical procedures, achieved proven clinical success and presented significant sales within a year of the launch of the first product from our developing series of advanced systems. We thank the investors and TASE for their trust in the company and the notable success of the IPO. As a public company, Human Xtensions can achieve its business goals faster and spearhead the development of innovative robotic solutions.
Yana Chernyak, Economist at TASE's Listings Unit: “We welcome Human Xtensions into TASE's public companies family. we wish the company success and growth in TASE, for the benefit of both surgeons and patients, and for the benefit of its employees and Israeli investors, who have expressed their confidence in the company and their interest in partaking in the company's success in Israel."
In the picture from right to left: Hani Shitrit Bach, EVP and Head of Listings at TASE ; Alon Shlank, Chairman of the Board of Directors; Dr. Tami Frenkel, CO-Founder and CEO of Human Xtensions; Asaf Stolovy, CFO of Human Xtensions and Yana Chernyak, Economist at TASE's Listings Unit.
Photography credit: TASE. The photo is free of charge.
