Israel VC heads to open NYSE trading

IVA chairwoman Dr. Orna Berry: We see the arrival of senior NYSE executives as an important vote of confidence in Israeli high-tech.

To mark the annual Israel Venture Association High-Tech Conference, Israeli government officials and leading venture capitalists will ring the opening bell on the New York Stock Exchange at 9:30 am on May 19, 4:30 pm Israel time.

Novafora CEO Zaki Rakib, Vertex Venture Capital managing partner Robert Genieser, and Ministry of Finance chief economist Shirley Strifler will ring the opening bell. Participants at the conference will view the opening bell live via webcast from Tel Aviv.

NYSE Euronext EVP & Head of International Listings, Europe, Middle East, Africa and Asia Ronnie Kent is heading a delegation of NYSE executives at the IVA conference. He said, "Every year, Israel creates exciting and fascinating growth companies, and we believe that the NYSE Euronext is a natural partner for these companies when they come to raised capital in the US and Europe via our exchanges."

IVA chairwoman Dr. Orna Berry said, "The IVA has set the goal of strengthening and fostering Israel's high-tech industry by building relationships and partnerships with investors, companies, and business partners worldwide. Collaboration with the New York Stock Exchange, which operates the Euronext exchange, can be important bridge for Israeli companies ready for large offerings overseas. Especially now, when the primary market is frozen, we see the arrival of senior NYSE executives to Israel as an important vote of confidence in Israeli high-tech."

The IVA was founded in 1996 as the representative of Israeli venture capital funds and the private equity industry.

Published by Globes [online], Israel business news - - on May 18, 2009

© Copyright of Globes Publisher Itonut (1983) Ltd. 2009

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