Actelis Networks, Inc.’s IPO opened today at $3.90. After pricing 3,750,000 shares at $4 each share, the stock was then sold to early morning traders at $2.89/share.

Boustead Securities, LLC, served as the exclusive underwriter.

Actelis Networks, a leader in hybrid, cyber-hardened fiber-copper networking solutions, is able to provide wide-area IoT applications, including military, federal and state government applications, as well as telecom, telecom, and campus applications. In 2021, 48% of Actelis’s revenues came from telecom companies.

Actelis was targeting a market price of $4. Actelis was priced at $3.9 as its opening price. This value is 6.3x Ev/2021 Sales.