A record number of 19 high-tech companies (including five R&D partnerships) are among the 30 companies that were listed for trading on the stock exchange for the first time in 2020, according to data from the stock exchange’s activity on securities.
According to the data, the new companies have raised NIS 4.6 billion, and dozens of high-tech companies are expected to join the stock exchange in the coming months. It also turns out that the average daily turnover in shares increased by 36% and amounted to NIS 1.9 billion. These figures are particularly noteworthy, as 2020 was overshadowed by the corona crisis, but despite this, this fact had almost no effect on the stock market. The total capital raising on the stock exchange (excluding the new companies) was NIS 16.3 billion in the stock market and NIS 66.8 billion in the bond market.
The TASE yesterday unveiled its first two entrants to the TASE UP trading platform, which allows companies and funds to raise funds from qualified and institutional investors, and remain private.
These are the venture capital fund Group 11 of the investor Dubi Frances, which will raise $ 100 million, and the start-up company VEEV, which is engaged in construction using innovative methods, which will raise $ 50 million. During the year, the TASE launched a number of advanced technological projects, including a stock loan database, options for employees with a click and more.
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It also shows that in 2020 the trend of increasing the public’s holdings in companies continued, reaching 64% at the end of the year, compared with 63% at the end of 2019 and 60% at the end of 2017. Stakeholder sales totaled more than NIS 3 billion net.
The first digital bank has joined as a member of the stock exchange, and it will allow its customers to trade, including mutual funds and participation in issues. Barak Capital Investment House has joined as a member of Nostro.
Itai Ben Zeev, CEO of the TASE: “This year was a significant breakthrough in the connection between the TASE and local high-tech with a record number of new entrants in the field of technology. The strategic plan we have been implementing in recent years has laid the groundwork for the stock exchange to reflect the success of the high-tech. “
Ben-Ze’ev also referred to publications about large offerings by Israeli technology companies in the United States. It is good for companies and it is good for the entire public, which is proud of the success of the Israeli minds and entrepreneurship in the world, and wants to be a part of it. ”