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Israel’s Top IPOs in 5781

SentinelOne (from their Facebook page)

Monday marks the start of the New Year, 5782. As we say goodbye to the year 5781, Jewish Business News reviews some of Israel’s biggest IPOs of the past year.

SentinelOne Worth $9 Billion After Successful NYSE IPO
SentinelOne, an Israeli cybersecurity firm, had a huge payday from its initial public offering in New York in June, coming away with a whopping $8.9 Billion valuation. While not record setting, this is one of the biggest exits ever had by a company coming out of Startup Nation.SentinelOne raised $1.2 billion from its NYSE IPO.

Kaltura Held a $1.24 Billion IPO
Kaltura, an Israeli startup that provides live and on-demand video SaaS solutions, finally held its NASDAQ IPO in July, coming away with a valuation of $1.24 billion. The company raised $150 million from the IPO. Kaltura offered 15,000,000 shares of its common stock at a price to the public of $10 per share under the symbol “KLTR.”

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Global-E Hits $3.55 Billion Valuation in NASDAQ IPO
Israeli fintech startup Global-e Online Ltd held a successful IPO on the NASDAQ in May, coming away with a $3.55 billion valuation. This is what the company expected when it first announced the date for the initial public offering. Global-e sold 15,000,000 of its ordinary shares at a price of $24.25 per share. The company brought in $375 million.

Global-e is a provider of cross-border ecommerce solutions, with a proven track record of successfully enabling hundreds of leading retailers and brands across Europe, the USA and Asia, to boost their global online sales and revenues. Its Smart Cross-Border solutions helps merchants increase international conversion rates, returning customers share and customer satisfaction scores by offering shoppers in over 200 destinations worldwide an optimal shopping experience that is localized and customized per market.

Global-e co-founders Amir Schlachet (from right), Shahar Tamari, and Nir Debbi. (Company PR pic)

WalkMe Hits $2.6 Billion With NASDAQ IPO
WalkMe held its initial public offering in June on the NASDAQ. WalkMe achieved a $2.6 billion valuation. The Israeli startup is a provider of website navigation and digital adoption solutions.

WalkMe raised $286 million at a share price of $31. This price is on the high end of the expected $29 to $32 range previously announced. The company had expected to raise anywhere from $268 million and $296 million from the IPO, so the $286 million figure is a clear success.

Israel’s REE Automotive Completes $3.1 Billion SPAC Merger
In July, REE Automotive, the Israeli company that develops new tech for electric vehicles, completed an IPO SPAC merger with 10X Capital Venture Acquisition Corp. The merger was approved by 10X’s stockholders, and the combined company, which is now trading on the Nasdaq under the ticker symbol REE, has a market capitalization of $3.1 billion.

REE raised $288 million in its initial public offering.

REE’s Daniel Barel Co-founder and CEO (company PR pic)

Similarweb Completes $1.6 Billion IPO
Similarweb Ltd., an Israeli provider of digital intelligence solutions, completed its initial public offering on the New York Stock Exchangein April. The company came away with a $1.6 billion valuation. This might be seen as a disappointment as less than a month ago Similarweb was hoping for a $2 billion valuation from the IPO.

It raised a total of $165 million, which could increase by an additional $24.8 million, if the underwriters exercise their options to buy additional shares within the next 30 days. This would raise the company’s valuation to $1.7 billion.

Similarweb now trades under the ticker symbol “SMWB.”

Israel’s Playtika Hits $11 Billion Valuation With NASDAQ IPO
In January, Playtika, an Israeli mobile gaming company, went public on the NASDAQ exchange. The IPO gavegiven the company an $11 billion valuation. It raised $1.9 billion at $27 per share. This was several dollars higher than the expected $22-24 price range.

Playtika now trades under PLTK.

This hugely successful IPO gave Platika the highly coveted membership in the $10 billion plus market cap club for Israeli companies. Israeli energy company SolarEdge just recently reached the top of that list with a market cap of $17.8 billion, leaping ahead of cybersecurity firm Check Point which stands at $17.7 billion.



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