Israel’s Wix Said to Pick JPMorgan for New York IPO on Rally
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Wix.com Inc., an Israeli provider of online tools that help people create websites, chose JPMorgan Chase & Co. to lead its initial public offering in the U.S., according to two people familiar with the matter.
Wix, based in Tel Aviv, will seek about $75 million in the offering, said the people, who asked not to be named because the plans are private. Caesarstone Sdot Yam Ltd. was the last Israeli company to list in New York, raising $84.25 million in its IPO a year ago. The maker of quartz-based countertops led gains on the Bloomberg Israel-US Equity Index of the largest Israeli companies in the U.S. yesterday, jumping 7.9 percent.