Landa Seeks to Raise $200M in Capital for Nano Tech
REHOVOT, ISRAEL—Israeli-based newspaper Calcalist is reporting that printing technology guru Benny Landa is attempting to raise as much as $200 million in capital for his Landa Corp., which is developing nanographic printing technology. He is trying to raise the money based on a market cap of $800 million to $1 billion for Landa Corp.
The Calcalist reported that Landa is meeting with a number of investment banks in London next week to find an institution that will underwrite the offering. Landa prefers to keep the company private, the Calcalist said, opting for foreign institutional and private investors.
Landa Corp. reportedly received deposits for 400 of its nanographic printing presses as part of their drupa debut, each carrying a price tag of about $2.6 million—in essence, giving Landa $1 billion in backlog orders—the Calcalist wrote.