Israeli Startup Wix Raises $127 Million in Initial Public Offering

The IPO values the Israeli website builder at $760 million as the company starts trade on the Nasdaq.

Israeli website builder Wix sold $127 million in shares in its initial public offering, with nearly three quarters of that to help the company hire more people, buoy its sales and marketing efforts and boost its corporate efforts in general. The IPO valued the startup at $760 million before its debut Wednesday on the Nasdaq.