The home carbonated beverage company believes the move will expand its shareholder base.
Home carbonated drink developer Sodastream International Ltd. (Nasdaq: SODA) has heeded Tel Aviv Stock Exchange (TASE) CEO Yossi Beinart's call to list on the Israeli capital market. Traded on Nasdaq and based in Airport City near Tel Aviv, Sodastream has a market cap of NIS 295 million. Since June, the company's share price has lost 40% but the share opened up 10% on Nasdaq this evening on news that its rival Green Mountain is to be acquired.
Beinart welcomed Sodastream's decision and remarked that the place of Israeli companies with a global presence is on the Tel Aviv Stock Exchange. Sodastream believes the move will expand its shareholder base.
Sodastream CEO Daniel Birnbaum said, "This is a natural but exciting step and we are glad to be contributing to the strengthening of the Israeli economy."
Published by Globes [online], Israel business news - www.globes-online.com - on December 7, 2015
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