HOD HASHARON, Israel, Oct. 31, 2006 (PRIMEZONE) -- Allot Communications Ltd. announced today that it has filed a registration statement with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of 6,500,000 of its ordinary shares.
All shares are to be sold by the Company. In addition, Allot has granted the underwriters a 30-day option to purchase an additional 975,000 ordinary shares that is exercisable if more than 6,500,000 shares are sold in the offering. Lehman Brothers is acting as sole book-running manager, Deutsche Bank Securities is acting as co-lead manager and, CIBC World Markets and RBC Capital Markets are acting as co-managers.
Copies of the preliminary prospectus relating to the offering may be obtained, when available, from Lehman Brothers, c/o ADP Financial Services, Prospectus Fulfillment, 1155 Long Island Avenue, Edgewood, New York 11717, by email: monica_castillo@adp.com, or fax (631) 254-7268.
Allot is a designer and developer of broadband service optimization solutions using advanced deep packet inspection, or DPI, technology. Allot's solutions provide broadband service providers and enterprises with real-time, highly granular visibility into, and control of, network traffic, and enable them to efficiently and effectively manage and optimize their networks.
A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy ordinary shares of Allot, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.