A delegation from the London Stock Exchange (LSE) that visited Israel last week announced that Israel led in the number of IPOs in 2014 on the LSE. According to the LSE representatives, more companies listed in London last year from Israel than from anywhere in the world, other than the UK itself. Nine Israeli companies floated on the London Stock Exchange, two of them, Matomy Media Group and Barak Capital, listed on the main market, and the others on the AIM secondary market.
30 CEOs and CFOs of Israeli companies took part last week in an event with LSE representatives that was organized by UK Trade & Investment at the British Embassy in Israel. Some of them have already expressed interest in moving ahead with the listing process.
The British Embassy, as the representative of the London Stock Exchange in Israel, assists Israeli companies in raising funds in London. Adv. Amira Bardichev, who leads the IPOs sector at the Embassy, and who also established the Israeli desk at the London Stock Exchange a few years ago, said “There is an immense interest in the London Stock Exchange by Israeli companies. We are approached all the time with requests for information and assistance from the Embassy, as well as connecting them to professional advisers in London that could support them in the listing process.”
The LSE continues to attract the attention of Israeli companies and, already in 2015, several potential issuers are advanced in the IPO process.
British Ambassador to Israel Matthew Gould said, “I’m delighted so many Israeli companies are listing in London. London offers many advantages for Israeli companies - appropriate regulation, the English language, more banks than anywhere else in the world, real excitement about what Israel has to offer, and all less than five hours flight away.”
Published by Globes [online], Israel business news - www.globes-online.com - on February 15, 2015
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