Shalom Life | October 17, 2015

2014: The Year Of The Israeli IPO

The year saw a historic 18 initial public offerings (IPOs) in New York and London from Israeli startups

By: Maya Yarowsky, NoCamels

Published: December 30th, 2014 in Business » Israel

When NoCamels asked some of Israel’s most influential investors, including OurCrowd’s Jon Medved, serial angel investor Gigi Levy and Rami Beracha of Pitango Ventures, what they thought was most the most memorable event for the Startup Nation in 2014, the answer was resoundingly: “The rise of the Israeli IPO.”

Until this year, Israeli companies were often criticized for their eagerness to “sell out” quickly in pursuit of an early exit. With a historic 18 initial public offerings (IPOs) in New York and London in 2014, compared to just three in 2013, this year seemed to usher in a new age for Israeli companies.

Here are the top ten Israeli companies that went public international stock markets this year:

Mobileye- MBLY

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The largest IPO in Israel’s history, Mobileye surpassed expectations when the company went public in August, raising $890 million at a company valuation of $7.5 billion on the New York Stock Exchange (NYSE). Similar to CyberArk, Mobileye also saw share prices spike on the first day of trading, from $25 at the opening bell up to $37 by the end of the day. This was before investors and financiers understood the real value of Mobileye’s technology, an understanding that drove the share price up further to $60 per share (today the share price is around $43). The idea behind Mobileye’s technology is simple enough: a camera-based technology that alerts drivers of potential collisions and accidents. The company is now using the money it raised in its August IPO to beat out Google and Tesla in the creation of the first driverless car. In the meantime, the Jerusalem-based company’s technology is being applied to new General Motors, Honda, BMW Group and Nissan car models and is available for stand-alone purchase in Israel and other markets.

CyberArk- CYBR

cyberarkipo

If you’ve been following the business headlines lately, you probably know that 2014 saw the most successful public offering in history; the Chinese ecommerce platform Alibaba raised $300 million at a world record $25 billion valuation. Just as Alibaba was stealing the headlines, Israeli cybersecurity company CyberArk’s shares also went public on NASDAQ, with what some finance experts might call more impressive success. On the first day of trading, CyberArk’s strike price of $16 doubled to $32 per share, before it settled at around $30 that same week. Though it touts only a third of Alibaba’s $90 share price, CyberArk was the first and only Israeli cybersecurity company to go public overseas since Radware in 1999. With cybersecurity in increasingly high demand among businesses and governments, CyberArk saw its Wall Street success soar, with the company raising $85.8 million in the offering. CyberArk gears its cybersecurity products towards companies, protecting their systems from potentially dangerous external threats. A company like Sony, whose systems were recently hacked in anticipation of the release of a comedy film about North Korean leader Kim Jong Un, could have surely used CyberArk’s services to protect against such a damaging system hack. This is only an example of the demand for cybersecurity solutions, placing numerous other Israeli cybersecurity companies in a good position to go public and raise money on foreign markets.

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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