Gauzy develops and manufactures glass-related products for various industries, including architecture, automotive and aeronautics. Photo courtesy of Gauzy.

Gauzy, an Israeli smart-glass company, filed for an initial public offering on April 15, 2024. It plans to list on the Nasdaq under the ticker “GAUZ.”

Gauzy develops and manufactures glass-related products for various industries, including architecture, automotive and aeronautics. Its architectural department manufactures and supplies dynamic glass for offices, hotels, healthcare and retail.

The company is headquartered in Tel Aviv, Israel. It has more than 600 employees, four manufacturing sites, 130 patents, 14 office locations and distributes to more than 30 countries. According to MarketWatch, the company had a net loss of $79.3 million in 2023 and a $37.9 million loss in 2022. Revenue rose to $77.9 million in 2023 from $49.0 million in 2022.

Officials said the company generated about 22.5% of its 2023 revenue in the U.S., 21.7% in Europe, 1.4% in Israel and 4.6% in Asia. The remaining 4% was generated in other countries worldwide.

Barclays is the lead book-running manager for the proposed offering, and TD Cowen and Stifel are book-running managers.

News

1 Comment

  1. On this article (“…SMART GLASS MANUFACTURERR…”) you make reference to your “dynamic” glass for offices, hotels, healthcare and retails. Can you please explain the difference between your “dynamic” glass and the regular “float” glass currently being used in the market.

Leave a Reply

Your email address will not be published. Required fields are marked *