Lipman Electronic Engineering Ltd. prices initial public offering in the United States at $41.60 per share
January 28,
2004 - Lipman Electronic Engineering, Ltd.
(Nasdaq: LPMA) today announced that it has priced an
initial public offering in the United States of 3,000,000
of its ordinary shares at a price of $41.60 per share.
Of the 3,000,000, ordinary
shares, Lipman is selling 2,250,000 shares and certain
selling shareholders of Lipman are selling 750,000
shares. In addition, Lipman has granted the underwriters
a 30-day option to purchase up to 450,000 additional
ordinary shares to cover over-allotments. The offering
is being managed by Merrill Lynch & Co., HSBC Securities (USA) Inc. and Piper Jaffray & Co.
Lipman is a leading
worldwide provider of electronic payment systems. Lipman
offers products such as landline and wireless point-of-sale
terminals, personal identification number pads, electronic
cash registers, self-service systems that include automated
teller machines, and related applications.
Copies of the final
prospectus relating to the offering may be obtained
from Merrill Lynch & Co., 4 World Financial Center, New York, NY 10080, (212) 449-4600; HSBC Securities (USA) Inc., 452 Fifth Avenue, New York, NY 10018, (212) 525-3156; and Piper Jaffray & Co., 800 Nicollet Mall, Minneapolis, MN 55402, (612) 303-6000.
A registration statement
relating to these securities has been declared effective
by the Securities and Exchange Commission. This press
release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be
any sale of these securities in any state or jurisdiction
in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction.
###
From time
to time the Company may issue forward-looking statements
that involve a number of risks and uncertainties.
The following are among the factors that could cause
actual results to differ materially from the forward-looking
statements: business conditions and growth in the
electronics industry and general economies, both
domestic and international; lower than expected customer
orders; delays in receipt of orders or cancellation
of orders; competitive factors, including increased
competition, new product offerings by competitors
and price pressures; the availability of third party
parts and supplies at reasonable prices; changes
in product mix; significant quarterly performance
fluctuations due to the receipt of a significant
portion of customer orders and product shipments
in the last month of each quarter; and product shipment
interruptions due to manufacturing problems. The
forward-looking statements contained in this document
regarding industry and revenue trends, new markets,
new product introductions, technology adoption, and
future business activities should be considered in
light of these factors. |
 | |
|
archive
| |
