Rail Vision (RVSN) IPO: Israeli firm all set for Nasdaq debut Thursday - Kalkine Media

March 30, 2022 12:49 PM PDT | By Team Kalkine Media
Follow us on Google News:

Highlights:

  • Israel-based company Rail Vision Ltd. was slated to go public on Nasdaq Thursday.
  • Primarily into railway safety systems, the company builds AI-based, industry-leading technology.
  • Rail Vision currently has no plans to pay dividends on its shares.

Rail Vision Ltd., a development stage Israeli technology company primarily into railway safety systems, is all set to debut on Nasdaq in a US$23.96-million IPO on Thursday.

The company, which will go with the proposed symbol RVSN, will offer 3550000 shares with an offer amount of US$23,964,275. RVSN plans to keep the share price in the range of US$4.13-US$5.87. Founded in 2016, the company has a strength of 52 employees.

Since the company is still in the nascent stage of developing its railway safety technologies, the IPO will be considered an ultra-high risk.

Yet, according to a market research report in 2021 by Verified Market Research, the global market for railway management systems was approximately US$36 billion in 2020 and is touted to grow beyond US$74 billion in 2028, which can be taken as a positive sign.

Rail Vision is backed by investments from Knorr-Bremse, a world-class manufacturer of braking systems that also supplies safety-critical sub-systems for railways and commercial vehicles.

Also read: NEE to SRE: Top S&P 500 utility stocks to explore in April

Rail Vision (RVSN) IPO: Israeli firm all set for Nasdaq debut Thursday© Kaarsten | Megapixl.com

Also read: What is BORA (BORA) crypto and why is it rising?

Rail Vision earnings

In the last year, revenue for Rail Vision Ltd. remained at US$420,000 and suffered a net loss of US$5.1 million, whereas its market cap is US$125.6 million.

Meanwhile, the company management has also revealed how the net proceeds from the IPO would be utilized. Close to US$8 million to go to research & development, around US$4.5 million in marketing and advertising, and US$0.3 million would go to Israel Railways as their services charges.

Rail Vision currently has no plans to pay dividends on its shares.

Also Read: Why is Helium (HNT) crypto changing its name?

Bottom line:

Rail Vision is hoping to raise around US$23.9 million. The company is into building cutting-edge technology in the railway safety segment and is still in the pilot testing stage of its products and services. Investors may be cautious about going all guns blazing initially for the IPO and might take a wait and watch stance. 


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.



Top Listed Companies