Yos Shiran on IPO
From Yosef Shiran, CEO of Caesarstone - #PreMarket Prep for July 28, 2015 · · Benzinga
“We decided to go to IPO as a strategic move in order to improve our access to cash and to make sure that it will not be a limit down the road when we need to grow and to invest.”
On , Yos Shiran, CEO at Caesarstone, spoke about IPO during Yosef Shiran, CEO of Caesarstone - #PreMarket Prep for July 28, 2015 on Benzinga.
About Yos Shiran
Yos Shiran, CEO of Caesarstone, has described the company as a pioneer in the quartz surface industry, stating that the company invented the quartz surface in 1987 and has since led a "material conversion story" in which surfaces like granite, marble, and laminate have been replaced by quartz. In a 2016 press preview in Milan, Shiran said the company operates in over 50 countries and has annual revenues of around $500 million, and that it is traded on the NASDAQ. During the same event, he discussed a collaboration with designer Tom Dixon called "The Restaurant," a multi-sensory experience featuring four conceptual kitchens inspired by the elements Earth, Fire, Water, and Air, which was presented during Milan Design Week 2016. In earlier appearances, Shiran discussed the company's 2012 IPO on the NASDAQ, which he described as a strategic move to improve access to cash for growth and investment. He noted that the company opened a plant in the United States to be closer to its main market, and that it had the ability to expand that facility in Georgia. Shiran also characterized the quartz business as benefiting from a "material conversion story," suggesting that such companies may perform better in difficult economic times when a better product replaces inferior ones.