Landa Digital Printing is reportedly preparing for an initial public offering on the U.S. stock exchange, according to the Israeli technology news journal CalcalisTech .
The digital printing division of Israel's Landa Group, inventor of the nanographic printing technology unveiled at Drupa 2012, is reportedly planning to merge with a Nasdaq-listed Special Purpose Acquisition Company (SPAC). A SPAC is a company with no operational activity whose securities are issued on a stock market pending a merger or acquisition.
According to the Israeli newspaper, negotiations have been going on for over two months. Landa Digital Printing is said to be aiming for a valuation of $2 billion - its turnover is around $50 million.
Landa did not wish to answer our questions on this subject: "As always, we do not comment on rumors ."
