Israeli medical-device company Brainsway Ltd. has hired three additional underwriters for its upcoming $30 million U.S. IPO of American depositary shares.

In addition to Cantor Fitzgerald & Co., the company hired Raymond James & Associates Inc., Oppenheimer & Co. Inc. and Ladenburg Thalmann & Co. Inc. as underwriters.

Brainsway has applied to list its American depositary shares on the Nasdaq Global Market under the symbol BWAY. The company's ordinary shares are listed on the Tel Aviv Stock Exchange under the symbol BRIN.