Starlims Files for NASDAQ Listing
Starlims, one of the top five LIMS companies, has grown quickly, especially its sales to the US government. North America accounted for 74% of revenues in 2006. The company’s growth strategy includes expansion into adjacent markets, increased sales in Western Europe and the Pacific Rim, and acquisitions.
Washington, DC 5/4/07—Laboratory information management systems (LIMS) provider Starlims has filed for a US initial public offering of shares of its common stock on the NASDAQ exchange. The company plans to list 2.1 million shares at a price of $13.70–$15.50 per ordinary share for expected net proceeds of $25.9–$37.4 million. The company has been listed on the Tel Aviv, Israel, stock exchange since 1993. Starlims’ 2006 revenues increased 21.9% to $19.8 million and operating income declined 7.3% to $4.9 million.
