From BusinessOnline Ituran Location files to go public
WASHINGTON -(Dow Jones)- Ituran Location & Control Ltd. filed an initial public offering to sell 4.8 million ordinary shares, according to a Form F-1 filed with the Securities and Exchange Commission.
The company will offer 3.84 million ordinary shares, and certain shareholders will offer 960,000 ordinary shares, the filing said
Ituran Location, based in Azour, Israel, provides location-based services, primarily stolen vehicle recovery and tracking services. The company also provides wireless communications products used in connection with its location-based services and various other applications, including automatic meter reading and radio-frequency identification