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Israeli broadband services firm 012 Smile.Communications prices 6.675mm shares at $12

October 30, 2007

012 Smile.Communications, an Israeli provider of broadband and voice services to businesses and residential customers, priced its offering of 6.675 million shares at $12, below its proposed $14-$16 range. CIBC World Markets lead managed the IPO, and the stock is expected to begin trading on the Nasdaq under the ticker symbol "SMLC" on Wednesday.