Realk Robotics Ltd. Extends Gains; Up 180% From Friday IPO Launch

Rewalk Robotics Ltd.

gained sharply Monday and its shares are now up more than 180 percent since the launch of its initial public offering Friday. The Israeli-based company, which provides robotic legs to paraplegics and makes other medical devices, raised $36 million in its IPO. The offering was initially priced at $12 a share. Rewalk sold 3 million shares and currently has a market capitalization of about $408 million. Its traded recently at $34.12 a share, up 33 percent. Rewalk's launch comes in the midst of a lull in the market for IPOs as large deals hold off in the shadow of Alibaba, expected to begin trading on the New York Stock Exchange later this week.