Commtouch Software Ltd. (Nasdaq: CTCH), which develops Internet security technology, and continues o sell anti-spam products, announced today that it would list its shares for trading on the Tel Aviv Stock Exchange.

Commtouch's share price closed at $3.56 on Friday, giving it a market cap of $87 million. The share price has risen 133% this year.

The company made its IPO ten years ago at a price of $16 per share, and reached a market value of over $1 billion at the height of the high-tech bubble.

The last company to have dual-listed in Tel Aviv was Ness Technologies (Nasdaq: NSTC; TASE: NSTC) three months ago.

Published by Globes [online], Israel business news - www.globes-online.com - on December 13, 2009

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