Meet the newest Israeli companies trading on the NYSE and Nasdaq

Anyone who has been keeping their fingers on the pulse of Startup Nation has seen that 2021 has been an explosive year for funding and IPOs. This year alone has seen a recording-breaking amount of money pumped into startups, already exceeding the total money raised in all of 2020.

Companies have been making the headlines recently as they embark on their new adventures - going public on the New York Stock Exchange (NYSE) or the Nasdaq.

CTech has outlined some of the most recent new entries who sought an IPO this year and shares what makes them so special.

 

 

NASDAQ:

Monday.com

Product: Work operating system for organizations

Total raised: $234.1 million

Valuation at IPO: $6.8 billion

Current valuation: $9.33 billion

Year founded: 2012

Founders: Roy Mann, Eran Zinman

Employees: 500+

Investors: Sapphire Venture, Hamilton Lane, ION Crossover Partners, Entree Capital, Insight Partners, more

 

Earlier this month, monday.com announced it had set its shares at a price of $155 each, well above the $125-140 range it had set a few weeks before. In total, it issued 3.7 million new shares. At the same time, Salesforce Ventures and Zoom Video Communications committed to buying $75 million of shares each.

WalkMe

Product: AI-powered digital adoption platform for enterprises

Total raised: $307.5 million

Valuation at IPO: $2.56 billion

Current valuation: $2.38 billion

Year founded: 2011

Founders: Eyal Cohen, Yuval Shalom Ozanna, Dan Adika, Rephael Sweary

Employees: 500+

Investors: Insight Partners, Mangrove Capital Partners, Flint Capital, more

 

WalkMe went public this past Wednesday, offering 9.25 million ordinary shares at the price of $31 each. The company’s offering brought the total valuation of the shares of the 85 Israeli companies traded on Wall Street to $300 billion, Calcalist reported Thursday. The figure represents a $100 billion jump from the start of the year.

Global-e

Product: Cross-border online marketing solutions

Total raised: $100 million

Valuation at IPO: $3.55 billion

Current valuation: $6.83 billion

Year founded: 2013

Founders: Nir Debbi, Amir Schlachet, Shahar Tamari

Employees: 201-500

Investors: DHL, Vitruvian Partners, Apex Partners, more

 

Global-e started its IPO of 15 million ordinary shares in May 2021, with the initial offering priced at $23-$25 per share. It trades under the ticker “GLBE”. The company help with global direct-to-consumer cross-border e-commerce.

Playtika

Product: Developer of free-to-play social and mobile games

Total raised: $1.5 million

Valuation at IPO: $11.1 billion

Current valuation: $10 billion

Year founded: 2010

Founders: Robert Antokol

Employees: 500+

Investors: Kaedan Capital

 

Playtika’s IPO at the start of 2021 set the tone for the year the country and hi-tech companies would have. Playtika went public at a valuation of $11.1 billion and today is worth slightly less at $10.6 billion.

Payoneer

Product: Global payment solutions

Total raised: $282 million

Valuation at IPO: $3.3 billion

Current valuation: $3.3 billion

Year founded: 2005

Founders: Yuval Tav

Employees: 500+

Investors: Viola Ventures, 83North, Susquehanna Growth Equity, Greylock Partners

In June 2021, Payoneer joined the Nasdaq after its SPAC was approved with

FTAC Olympus Acquisition Corp. The combined company will be named Payoneer Global Inc., and its common stock and warrants began trading on the Nasdaq stock market under the ticker symbol “PAYO” and “PAYOW”.

 

NYSE:

SimilarWeb

Product: Web analytics and competitive analysis

Total raised: $232.2 million

Valuation at IPO: $1.65 billion

Current valuation: $1.5 billion

Year founded: 2007

Founders: Or Offer, Nir Cohen

Employees: 500+

Investors: Viola Growth, ION Crossover Partners, Naspers, more

 

SimilarWeb went public on the New York Stock Exchange in May 2021 and had priced 8 million ordinary shares to be sold to the public at $22 each. It employs 576 people, 369 of them in Israel, 120 in the U.S., and the rest in Europe and Asia.

ironSource

Product: Monetization, Engagement, Analytics, and Discovery Solutions

Total raised: $105 million

Valuation at IPO: $11 billion

Current valuation: $11 billion

Year founded: 2010

Founders: Tamir Carmi and Eyal Milrad

Employees: 500+

Investors: ClalTech, Access Industries, Saban Ventures

Thoma Bravo Advantage announced that its shareholders approved on Tuesday the proposed business combination with ironSource. More than 96% of the votes cast at the meeting voted to approve the business combination. It started trading at the end of June.

Taboola

Product: Content Discovery Platform

Total raised: $160.5

Valuation at IPO: $2.6 billion

Current valuation: $2.6 billion

Year founded: 2006

Founders: Adam Singolda

Employees: 500+

Investors: Daily Mail, Yahoo Japan, Marker LLC, Comcast Ventures, Pitango Venture Capital, Evergreen Venture Partners

Taboola turned to the SPAC route and completed its offering last month at a value of $2.6 billion following the cancellation of the merger between it and Outbrain

SentinelOne

Product: Autonomous AI Endpoint Security Platform

Total raised: $696.5

Valuation at IPO: $8.9 billion

Current valuation: $9 billion

Year founded: 2013

Founders: Tomer Eringarten, Almog Cohen (former)

Employees: 500+

Investors: Sequoia Capital, Tiger Global Management, Insight Partners, UpWest, Accel, Redpoint Ventures, Samsung Venture Investment

The world’s largest IPO for a cybersecurity company, SentinelOne was said to be targeting a value of about $7 billion with the aim of raising less than a billion dollars. However, within a few days, the company's value climbed to about $9 billion dollars.