Babylon Files Registration Statement for Proposed Initial Public Offering

OR YEHUDA, Israel, Nov. 5, 2012 /PRNewswire/ -- Babylon Ltd. (TASE: BBYL), a global provider of translation software solutions and Internet search services, today announced that it has filed a registration statement with the U.S. Securities and Exchange Commission for a proposed public offering of its ordinary shares in the United States.  The size of the offering has not yet been determined.  Babylon intends to apply to have its ordinary shares quoted on the NASDAQ Global Select Market under the ticker symbol "BBYL".

Citigroup and Jefferies are the joint book-running managers for the proposed offering, RBC Capital Markets is lead manager for the proposed offering, and Needham & Company, Oppenheimer & Co. and William Blair are the co-managers for the proposed offering.  A copy of the preliminary prospectus related to the offering may be obtained when available from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: +1 (800) 831-9146; or from Jefferies, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 12th Floor, New York, NY 10022, e-mail: Prospectus_Department@Jefferies.com, telephone: +1 (877) 547-6340.

A registration statement relating to these securities has been filed with the United States Securities and Exchange Commission but has not yet become effective.  Copies of the registration statement can be accessed through the SEC's website at www.sec.gov.  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, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Babylon

Babylon is global provider of translation software solutions and Internet search services. The company provides its software and services through an integrated, Internet-based platform.  Babylon's ordinary shares have been traded on the Tel Aviv Stock Exchange since 2007. 

Contact

United States: 
Jonathan Schaffer 
Tel: +1 (212) 871-3953 
Email: jonathan@blueshirtgroup.com  

Israel:
Reut Gilady 
Tel: +972 (0) 52 720 2713 / +972 (0) 77 555 7713 
Email: reut@scherfcom.com

SOURCE Babylon Ltd.




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