The Israel-based company, backed by investors including Yaskawa Electric, intends to spend the proceeds on sales, marketing and product development.
ReWalk Robotics, an Israel-based producer of wearable robotic exoskeletons for people with spinal cord injuries, has closed a $41.4m initial public offering, issuing 3.45 million shares priced at $12.00 each.
The company floated below its $14 to $16 range, initially issuing 3 million shares, fewer than the 3.4 million it had initially planned, before underwriters Barclays Capital, Jeffries and Canaccord Genuity took up an option to acquire a further 450,000 shares.
The proceeds will fund sales and marketing efforts,…
