Sofwave Medical Raises $50M and Completes Initial Public Offering on the Tel Aviv Stock Exchange
The Medical Aesthetic company which developed an innovative approach to wrinkle reduction raises $50 million in an initial public offering.
TUSTIN, Calif., June 3, 2021 /PRNewswire/ On Wednesday, May 26, 2021, Sofwave Medical made its initial public offering (IPO) on the Tel Aviv Stock Exchange (TASE). Sofwave s, rapid market adoption enabled the listing on the Tel Aviv Stock Exchange. The company managed to raise $50 million at a pre-money valuation of ~$200 million. The IPO was led by Barak Capital Underwriters.
Sofwave
TM is an emerging leader of energy-based non-invasive skin treatment aesthetic medical devices. The company is one of the only companies in the field of aesthetic medicine that is listed on TASE. The company has developed