SK Telecom-backed Nanox lists on NASDAQ

Israeli X-Ray start-up Nanox listed on NASDAQ on Friday.

SK Telecom, which instead US$23 million to the company and is the second-largest shareholder of the start-up with 2.6 million shares, secured 11.5 billion won from the listing in the first day.

Nanox’s share price rose 20.56% to be worth US$21.7 a share after the bell from its listing price of US$18.

SK Telecom said the two companies were planning to launch a new medical device dubbed Nanox.Arc.

Nanox is also planning to build a factory in South Korea.