YAVNE, ISRAEL – Software provider Valor Computerized Systemsplans an initial public offering of ordinary shares, according to a Securities and Exchange Commission filing.
The company did not disclose the expected size or price range of the IPO, but indicated the planned March offering may net up to $80.5 million. The company plans to offer $50 million of shares, while shareholders will make an offer to sell of up to an additional $20 million of their shares and underwriters will be granted options for an additional $10.5 million worth of shares.
For the nine months ended Sept. 30, Valor's earnings were $2.2 million on revenue of $31.4 million. Valor, currently traded on the Frankfurt Exchange, said its new symbol will be "VLOR."
WILSONVILLE, OR - Mentor Graphics Corporation announced a call-for-entries for its 20th annual Technology Leadership Awards
competition. The competition recognizes engineers and computer aided
design (CAD) designers who use Mentor tools to address complex PCB
systems design challenges and produce industry-leading products.