Israeli company Kornit Digital Ltd., which has its U.S. offices in Mequon, has filed with the U.S. Securities and Exchange Commission for an initial public offering of its ordinary shares.
Kornit develops digital printing solutions, including digital printing systems, ink and consumables and software, for the printed textile industry. According to its prospectus, demand is increasing for Kornit’s products because consumers increasingly seek to differentiate themselves by wearing customized and personalized garments with colorful, intricate images and designs.
The company has not yet set a price per share or the number of shares to be offered. The proposed maximum aggregate offering price is set at $115 million. Kornit has applied to list its ordinary shares on the Nasdaq Global Market under the ticker symbol “KRNT.”
Kornit’s Mequon offices, at 10541-10601 N. Commerce St., are about 12,000 square feet. It also maintains sales, support and marketing offices in Germany and Hong Kong.
