Tuesday, June 4, 2013

Reuters: Technology News: Israel's Wix files registration with SEC for U.S. IPO

Reuters: Technology News
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Israel's Wix files registration with SEC for U.S. IPO
Jun 4th 2013, 13:02

TEL AVIV | Tue Jun 4, 2013 9:02am EDT

TEL AVIV (Reuters) - Wix, a web development and design platform, has submitted a draft registration to the U.S. Securities and Exchange Commission for a possible initial public offering of its ordinary shares.

The proposed offering is expected to begin after the SEC completes its review process, subject to market conditions, the company said on Tuesday.

Israel-based Wix, commercially known as Wix.com, offers web technology that enables online users to customize websites regardless of technical skill or previous knowledge.

Investors include Insight Venture Partners, DAG Ventures, Mangrove Capital Partners, Bessemer Venture Partners and Benchmark Capital.

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