ReWalk Robotics, backed by motor technology producer Yaskawa Electric, has updated the terms of its IPO and plans to sell 3.35 million of its shares to raise up to $53.6m.
Israel and US-based exoskeleton producer ReWalk Robotics has updated the terms for its forthcoming IPO.
The company, which initially filed for an IPO in July, plans to raise between $46.9 and $53.6m by offering 3.4 million shares at a price range of $14 to $16 per share.
ReWalk, which was until recently known as Argo Medical Technologies, plans to offer the IPO in the second week of September.
Barclays Capital and Jefferies will serve as underwriters for the deal.
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