The Siemens and JP Morgan-backed smart grid technology firm has been snapped up by Itron for a $100m sum.

The multimedia transmission services company will become the Israeli division of Canada-based ATX Networks after it was acquired for $26m, granting an exit to the Mer Group.

Reports suggest Yozma, which is partly owned by Ofer Holdings, is set to make up to a 150x return on its investment in web services firm Conduit.

The commodities exchange, which counts Intel, Financial Technologies and several financial services firms among its backers, will float in the next two weeks.

Intel Capital-backed internet technology services company Synacor floated on Friday at $5.00 per share, slashing its initial range of $10-$12 per share, set last month.

Eight financial services firms holding stock in trading platform FXall made partial exits when it floated on Thursday, raising more than $62m from 5.2 million shares.