Market Overview

Rewalk Robotics Ltd Extends Gains, Up 200% From Friday's IPO

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Rewalk Robotics Ltd (NASDAQ: RWLK) gained sharply Monday and 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 per share.

Rewalk sold three million shares and has a market capitalization of about $417 million. It traded recently at $36.21, up 41.5 percent.

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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.

Posted-In: News IPOs Movers

 

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