The Yaskawa-backed motorised prosthesis maker intends to invest the proceeds on expanding marketing and beginning work on the next generation of its technology.
Israel-based exoskeleton producer Rewalk Robotics filed for an initial public offering in the US on Thursday that could raise up to $57.5m.
Founded in 2001 as Argo Medical Technologies, Rewalk produces motorised legs that can help disabled people to walk. It will seek to spend the IPO proceeds to expand sales and marketing activities, as well as the development of the next generation of Rewalk technology.
Rewalk’s shareholders include motor technology producer Yaskawa Electric, which owns 25.4% after investing $17m…
