The company is expected to join the Tel Aviv 100 and Tel-Tech lists.
Aladdin Knowledge Systems (Nasdaq:ALDN), which provides solutions for software digital rights management and Internet security, will be traded on the Tel Aviv Stock Exchange as well as on Nasdaq from July 28, the company announced today.
Aladdin's market cap on Nasdaq is around $200 million, enabling Aladdin to join the Tel Aviv 100 and Tel-Tech indices.
"Aladdin believes in the Israeli capital market and its players," said Aladdin CEO Yanki Margalit, "Aladdin is proud to list its shares for trade on the Tel Aviv Stock Exchange, thus enabling the company's Israeli investors, and mainly its institutional investors, to buy shares at convenient times."
Published by Globes [online] - www.globes.co.il - on July 22, 2004