IVC identifies 24 Israeli tech firms ready for IPO

Twenty-four Israeli hi-tech companies are ripe and ready to hold an IPO, based on the amount they raised in their latest financing round, IVC Research has found in an analysis of the IPO pipeline for 2017.

Top of the list is taxi-hailing app Gett, which raised $300 million in 2016 from Volkswagen, bringing the total funds it has raised to $522m. Second on the list is ride-sharing start-up Via Transportation, which raised $250m. earlier this year, much of it from Daimler, and has raised $387m. to date. In third place is software firm Skybox Security, which raised $150m. several months ago and has raised $296m. to date. In fourth place is cybersecurity company Cybereason, which raised $100m. earlier this year and has raised $188.6m. to date.

Also on the list are content recommendation companies Taboola and Outbrain, which have raised $182.4m. and $144m. respectively, as well as video-tech company Kaltura, which has raised $156.1m., and gig-market company Fiverr, which has raised $110m.

Car-chip company Valens Semiconductor has raised $104m., including a $60m. financing round earlier this year. OrCam Technologies to help the blind read has raised $63m. but was founded by the same team that set up Mobileye.

The report concluded: “IPOs are the first stop in company’s new status, the performance in the public markets as a debutant share is crucial. It looks like 2017 is a good year in this aspect as well. TechCrunch found that most of the tech companies that have gone public in 2017 are trading above their IPO price.”