Published On: Thu, Sep 22nd, 2016

British LSEG Partners With Bank Hapoalim to Support Israeli Startups Raise Funds

The MoU is announced as LSEG hosts its first Capital Markets conference in Israel

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London Stock Exchange Group (LSEG) today announces that ELITE, its international programme for high growth companies has signed a Memorandum of Understanding (MoU) with Israel’s leading financial services group,  Bank Hapoalim.

“Israel is the start-up nation of the world, a powerful hub for entrepreneurial ambition, innovative investment activity and wealth creation, ” said Nikhil Rathi, CEO, London Stock Exchange plc & Director of International Development, London Stock Exchange Group. “We have seen listings in excess of $10 billion from Israeli companies in London, underlining the exceptional investor interest in building exposure to the country’s dynamic economy through equity, debt and exchange traded fund products. And through ELITE, we believe we can play a significant role in supporting Israel’s best, brightest and fastest growing private businesses, driving their individual growth and the economic ties between Israel and the global financial markets.”

London has an active and fast growing community of Israeli companies on its markets. 29 Israeli organizations are listed on London Stock Exchange across the Main Market and AIM, with a combined market capitalisation of $10.2 billion.

This includes well known names such as spread-betting company, Plus 500, gaming software supplier, Playtech, mobile advertising company, Taptica and tech firm, Telit Communications.

Regarding ELITE, three Israeli companies are already part of it’s community of more than 400 companies from across 23 countries. These are social trading platform, eToro, peer-to-peer lender, Blender and the world’s first cloud-based video creation and production company, Showbox.

The MoU is announced as LSEG hosts its first Capital Markets conference in Israel, bringing together UK and Israeli senior politicians, business bodies, the advisory and investment community, along with the CEOs of some of the fastest growing Israeli companies. The event highlights LSEG’s capacity to support high growth Israeli companies.

LSEG appoints Justine Zwerling as Head of Israel for Equity and Debt Primary Markets.

Further LSEG Israel highlights

  • In 2016 so far, $2 billion in Israeli stocks has been traded on London Stock Exchange and $330 million on Turquoise
  • In 2015, the Israeli Securities Authority granted authorisation for London Stock Exchange plc and Turquoise to admit Israeli member firms, subject to certain limitations
  • MTS, LSEG’s electronic fixed income trading platform, provides the designated wholesale electronic trading system for Israeli Primary Dealers
  • The Tel Aviv Stock Exchange is MTS’ technical partner in Israel for connectivity infrastructure and provides clearing to MTS Israel with the Tel Aviv Clearing House

 

 

Yoni Assia, CEO, eToro:
“ELITE is a fantastic programme that brings together an international network of like-minded entrepreneurs with business schools, advisers and investors, creating an environment where companies can share challenges, opportunities and ultimately learn about the different forms of funding available to them, helping them to keep on growing and competing on the world stage.”

Saul Klein, Founder, Entrepreneur & Investor: 
“I’m very excited to see London Stock Exchange actively engaging with the tech community in Israel. I see LSEG’s Capital Markets Conference in Tel Aviv as the next step in building an ever closer connection between the Israeli and UK tech communities. Israel is home to a hugely dynamic and competitive tech scene and should companies decide to IPO in London they will find a boldly international partner in London Stock Exchange.”

Gal Haber, Co-Founder & Managing Director, Plus500:
’We joined AIM in 2013 with the intention of increasing the profile of the Group to attract new customers, whilst providing a market for our shares. The new funds we raised enabled us to invest in additional marketing to increase brand awareness internationally, penetrate new markets and accelerate growth in existing markets.

“Since joining AIM, our share price has risen from 115p at IPO to over 700p today, and we have paid out more in dividends than the original market cap. Our involvement with AIM and the London Stock Exchange has therefore been a great success story and has enabled us to fulfil our initial ambitions. This is only the start of our journey, as we expect to continue to use the London markets to leverage our growth story.”

 

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