Shalom Life | October 19, 2014

Six Israeli IPOs to Watch in 2014

A look at those Israeli companies that plan to go public on either NYSE or NASDAQ by the end of the year

By: Michael Lefkoe, NoCamels

Published: July 30th, 2014 in Business » Israel

When it comes to winning in the Startup Nation, the homerun is to go public on NASDAQ, the stock exchange which currently lists 90 Israeli companies valued at a whopping $40 billion. And this year, or more specifically this week, is panning out to be the winningest ever for Israeli tech, with six companies offering up IPOs (initial public offerings) that are set to raise an aggregate amount of $883 million. Just for comparison, only nine companies went public between 2012-2013 raising a total of $400 million over two years, an indication that Israeli companies are gaining a lot more traction across the pond.

Here is a look at six Israeli IPOs to watch for the remainder of 2014. Each of these companies has already filed forms with the US Securities and Exchange Commission and plan to go public on either NYSE or NASDAQ by the end of the year.

Mobileye

MBLY- At a company valuation of up to $5.2 billion (according to some estimates), the automobile tech firm Mobileye is planning to hold the largest IPO in Israel’s history. Unlike the other companies on this list, Mobileye will be listed on the New York Stock Exchange (NYSE), joining an elite group that currently numbers 21 Israeli companies. Mobileye develops “smart vision” technology for cars used for accident prevention and in the future, autonomous driving. After nearly 15 years of research and development, Mobileye’s technology is now available in 160 car models from 18 car manufacturers, including BMW, GM, Volvo and Chrysler. With this historic IPO, which is expected to occur this week, Mobileye is offering 27.8 million shares to the public, valued at approximately $600 million and underwritten by nine investment banks, including Goldman Sachs, Morgan Stanley and Citi.

ReWalk Robotics

Going Public Is The New Exit: Six Israeli IPOs To Watch

RWLK- With a mission to change the life and health of individuals with spinal cord injuries, ReWalk Robotics has developed a revolutionary exoskeleton walking device that enables wheelchair–bound individuals to rediscover what it feels like to walk again. After obtaining approval from the Food and Drug Administration in June, the company received a swarm of attention from the media and investors, resulting in an IPO filing with the SEC earlier this month. At a valuation of $250-300 million, ReWalk is seeking to raise $58 million when it goes public on NASDAQ.

This article was first published on NoCamels - Israeli Innovation News and was re-posted with permission. To continue reading this article on the site, click here.


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