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
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  • 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.

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

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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.

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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. 


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