Nicky Blackburn
April 17, 2011, Updated September 13, 2012

Israeli home soda making giant SodaStream International has raised $261.4 million in its secondary offering on Wall Street, making it the largest secondary offering ever made by an Israeli company on NASDAQ.

The company, featured by ISRAEL21c in February, offered 6,009,655 shares at $43.50 per share. The company sold 1.2 million, and shareholders sold 4.8 million shares. The underwriters have an over-allotment option to buy an additional 901,448 shares.

SodaStream develops products that enable people to make sodas in their own homes. In 2007, the company had $100 million in sales worldwide, but was losing money on operating expenses. That year it was taken over by Israeli entrepreneur Daniel Birnbaum, the company’s CEO, who turned the limping company around. Today it is sold in 40,000 stores in 41 countries around the world. An estimated four million homes own a SodaStream machine.

The company went public on NASDAQ in November last year, in the eight largest Israeli IPO in the US.

SodaStream plans to use the proceeds of the latest offering for general corporate purposes, including possible acquisitions and investments in complementary companies, technologies and products.

Fighting for Israel's truth

We cover what makes life in Israel so special — it's people. A non-profit organization, ISRAEL21c's team of journalists are committed to telling stories that humanize Israelis and show their positive impact on our world. You can bring these stories to life by making a donation of $6/month. 

Jason Harris

Jason Harris

Executive Director

Read more: