Latham & Watkins Advises on Gauzy Ltd.’s IPO

Gauzy Ltd. (Nasdaq: GAUZ), a global leader in vision and light control solutions headquartered in Tel Aviv, has priced its initial public offering of 4,411,765 of its ordinary shares at a public offering price of US$17 per share for aggregate gross proceeds of US$75 million, prior to deducting underwriting discounts and other offering expenses. In addition, the company has granted to the underwriters a 30-day option to purchase up to an additional 661,765 of its ordinary shares from Gauzy at the initial public offering price less underwriting discounts and other offering expenses. Gauzy’s ordinary shares began trading on the Nasdaq Global Market under the symbol “GAUZ” on June 6, 2024. The offering closed on June 7, 2024.

Latham & Watkins LLP represented the underwriters in the offering with a capital markets team led by London partner Joshua Kiernan, New York partner Nathan Ajiashvili, and Tel-Aviv counsel Michael Rosenberg, with associates Akina Newbraugh, Yulong Li, and Rachel Moore.