Caesarstone, a leading Israeli manufacturer of engineered quartz for kitchen countertops, raised $73 million by offering 6.7 million shares (15% insider) at $11.00, well below the range of $14.00 to $16.00. The deal size was 27% smaller than expected. Caesarstone will begin trading on the NASDAQ on Thursday under the symbol CSTE. J.P. Morgan, Barclays and Credit Suisse acted as joint bookrunners on the deal.
