Gauzy Ltd (Ticker: GAUZ) is an Israeli nanotechnology company specializing in smart glass technology that allows for control of shading levels in glass for vehicles and buildings. Gauzy will list on June 5 on the Nasdaq stock exchange in New York. The firm is offering 4.16 million shares at a price range of $17.00 to $19.00. The expected market capitalization at offer is $357 million.
The total offer size is $79.2 million. The offering is managed by Barclays, Telsey Advisory Group, Stifel, and Briley Financial. OIC Growth has indicated interest in purchasing up to 833,333 shares sold in the offering. The proceeds from the IPO will be used for general corporate purposes, paying fees and expenses, product development and R&D, as well as marketing and sales.