Bar-Ilan University’s textile developer Sonovia has completed an $18.5m initial public offering on the Tel Aviv Stock Exchange.

Sonovia, an Israel-based developer of fabrics based on research at Bar-Ilan University, has completed a NIS55.9m ($18.5m) initial public offering on the Tel Aviv Stock Exchange, the Jerusalem Post reported today.
The company raised an additional $3.7m through a concurrent private placement. The offering pushed Sonovia’s valuation to $43.4m, up from $29m.
Sonovia manufactures textiles and chemical solvents. Its SonoMask is a face mask that can neutralise the novel coronavirus at an effectiveness of more than 99.3% by…

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Thierry Heles

Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
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