Israel's MeaTech 3D Ltd., a technology company based in Ness Ziona that focuses on developing and out-licensing its proprietary three-dimensional printing technology, biotechnology processes and customizable manufacturing processes to food processing and food retailers seeking to manufacture slaughter-free animal protein, has begun marketing a proposed US Initial Public Offering, the company announced Sunday.
Follow Israel Hayom on Facebook and Twitter
MeaTech is offering 1,655,630 American Depositary Shares ("ADSs"), each representing 10 of its ordinary shares, to the public, at an assumed initial public offering price of $15.10 per ADS, which is based on the last reported sale price of MeaTech's ordinary shares on the Tel Aviv Stock Exchange (under the symbol "MEAT") of NIS 4.965, or $1.51, per share on March 2, 2021.
MeaTech has applied to list its ADSs on the Nasdaq Capital Market under the symbol "MITC."
