N-trig Cancels Tel Aviv Stock Exchange IPO, But Raises $4.4M

December 1, 2014 | The chip developer for digital pens, N-trig, announced that it will forego its plans to issue a public offering on the Tel Aviv Stock Exchange (TASE), according to a “Globes” report. Accordingly, the company was unsuccessful in raising the $75 million company value it sought, though there were a number of investors who showed interest in taking part in the public offering. In order to continue N-trig’s growth, existing investors pledged $4.4 million and more in investments to be injected into the company (but will not go towards the public offering). N-trig was founded in 1999 and has offices in Israel, China, Taiwan and Japan.