Sodastream was one of the most awaited NASDAQ IPO's of 2010

Sodastream was one of the most awaited NASDAQ IPO's of 2010

SodaStream International Ltd rose 21 percent in its first day of trading after the producer of soda makers raised $109 million in its U.S. initial public offering. The stock is now trading at $33.42 (as on 3rd December 2010) and is expected to rise further in 2011 on the back of anticipated strong sales over the Christmas holiday period

SodaStream, which reported an almost ninefold increase in profit in the first six months of the year, completed its offering after theStandard & Poor's 500 Index rallied 13 percent in September and October.

"You have tremendous growth in carbonated water, and I think they're looking to tap into that growth," saidMichael Yoshikami, who oversees $1 billion at YCMNet Advisors in Walnut Creek, California. "This particular company is in an interesting niche, and I think it's caught investors' attention."

Sales atSodaStream, whose soda machines transform tap water into sparkling water and carbonated soft drinks, increased 50 percent to $93.4 million in the six months ended June, the filing showed. Profit rose almost ninefold to $5.67 million.

"The success of the IPO, particularly at the top of the pricing range, is a real testament to the business model and to the way it's being received," Daniel Birnbaum, SodaStream's chief executive officer, said in a telephone interview.

The entire range ofproducts, consumables and syrups can be purchased at http://makeyoursoda.com

SodaStream is the world leader in the development, manufacture and marketing of home carbonation systems since 1903. SodaStream markets its soda makers, CO2 cylinders, carbonating bottles and syrup flavors worldwide, including the USA, United Kingdom, Germany, France, Italy, Sweden and The Netherlands

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