November 17, 2021

Israeli tech startups enjoy booming IPO market

WalkMe’s $287 million IPO on the Nasdaq market Wednesday was just the latest in what has been a very busy year for public share offerings for Israeli companies.

Shares of the Tel Aviv-based company, whose platform helps businesses simplify their online experience and eliminate user confusion, opened at $31 as trading began Wednesday, but fell 7% to $28.81 on their first day of trading.

That came just a week after completed a $6.8 billion IPO on the Nasdaq in one of the largest ever American IPOs by an Israeli company. Shares of the work management platform have skyrocketed 38% since the stock opened at $155, reaching 214.12 before trading opened Thursday.  

Last month, cross-border e-commerce platform Global-E raised $375 million at a valuation of $3.5 billion with a stock offering that has since gone up 85%. A week before that, web traffic analytics company…

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