Kaltura files again for Nasdaq IPO
The Israeli video cloud management company has refiled its prospectus after postponing its IPO at the end of March.
Israeli video cloud management company Kaltura is not giving up on its Nasdaq Initial Public Offering (IPO) despite postponing its first attempt at the end of March, probably because of lower than expected demand. Kaltura has re-submitted its prospectus although no share prices or company valuation was specified.
In its first attempt, the company planned to raise between $244 million and $278 million at a company valuation of about $2 billion, including the sale of shares by the company s founders as part of the IPO.
Israeli co Kaltura sets terms for IPO at $2b valuation
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Kaltura seen aiming for $1b valuation in Nasdaq IPO
Israeli video platform company Kaltura s business has boomed during the coronavirus pandemic, but it has yet to turn a profit.
Israeli video platform company Kaltura has filed a prospectus for an IPO on Nasdaq the old-fashioned way, rather than via an SPAC. The valuation that Kaltura seeks and the amount to be raised have not yet been disclosed, but it can be estimated that the company will aim at a valuation upwards of $1 billion. In its last financing round, in 2016, it was valued at $500 million.
Kaltura was founded in 2006 by its chairman and CEO Ron Yekutiel, Dr. Michal Tsur, Dr. Shay David, and Eran Etam. According to IVC, it has raised $156 million.