Tel Aviv Stock Exchange launches TASE Up, a new platform to access tech investments
The electronic platform is expected to help companies and investors recover from the devastating impact of Covid-19
James Spiro | 12:44 16.08.2020
The Tel Aviv Stock Exchange announced on Sunday the launch of TASE Up, a new tool to help “bridge the gap” between Israeli growth companies and thousands of investors. The new platform is designed for private companies to access investments from institutional and accredited investors, aiming to transform the investment game.
TASE Up is expected to tackle some of the challenges brought on by the coronavirus (Covid-19) pandemic since private investors have been reluctant to invest in tech companies and some are struggling to stay afloat. Companies that are listed on the TASE UP platform remain private and are not subject to any reporting or prospectus publishing requirements.
TASE Up will also be available to public institutions, subject to their equity levels which must be in excess of NIS 50 million ($14.6 million).The platform was formed as a response to the devastating effect of Covid-19 on businesses in Israel. To help maximize its impact, the TASE has entered strategic partnerships with International investment bank Jefferies; investment platform Fundit; and digital issuance platform Novis. It also works closely with IVC, an Israeli high-tech business research and data center, which supplies the information on private companies seeking investors.