Gauzy, an Israel-based manufacturer of smart glass films, filed on Monday with the SEC to raise up to $75 million in an initial public offering.
Gauzy provides a variety of PDLC and SPD films which are laminated or retrofitted onto glass. The films can dim light, or show transparent displays. Major end markets for Gauzy include the automotive, aerospace, and construction sectors. The company sells its products in over 30 countries through direct fulfillment and certified distribution channels.
The Tel Aviv, Israel-based company was founded in 2009 and booked $78 million in revenue for the 12 months ended December 31, 2023. It plans to list on the Nasdaq under the symbol GAUZ. Gauzy filed confidentially on October 13, 2022. Barclays, TD Cowen, and Stifel are the joint bookrunners on the deal. No pricing terms were disclosed.
