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IPOs

Top 5 Israel IPO Stories for December 2021

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Israel is also known as Startup Nation. And startups look for an exit, either getting bought out by another firm or by going public – holding an initial public offering IPO.

Plenty of Israeli firms went public in 2021. Here is the JBN list of the five top planned IPOs that were announced in December.

Israeli Cybersecurity Startup Snyk Looks To $8.5 Billion IPO
Snyk, an Israeli cybersecurity startup in the field of cloud native application security, is planning its initial public offering (IPO), which is expected to come sometime in the middle of 2022. According to a report made by Bloomberg, Snyk could end up with a valuation higher than its current $8.5 billion one.

Snyk provides cloud native application security (CNAS) solutions which enable modern applications to be built securely, empowering developers to own and build security for the whole application, from code and open source to containers and cloud infrastructure.

Israel’s Redis Labs Looking At $5 Billion IPO
Redis Labs, an Israeli startup and unicorn that develops database software, is planning on holding an initial public offering IPO. According to a report in Calcalist, the IPO could leave Redis with a valuation from anywhere between $4 and $5 billion.

Redis Labs was founded in 2011 by Ofer Bengal (CEO) and Yiftach Shoolman (CTO). The company has raised a net amount of $347 million and will continue to invest in expanding the company’s global footprint.

Israel’s Forter To Hold $5 Billion IPO
Forter, an Israeli security startup that deals in fraud prevention in e-commerce, is getting ready for its initial public offering (IPO). Globes reported that sources in the company revealed that it expects to come away with a $5 billion valuation from the IPO.

Founded in Tel Aviv in 2013 by Israelis Liron Damri and CEO Michael Reitblat, Forter boasts that it has a global network of online retailers and banks working together that give customers the freedom to shop on line without worrying about fraud. Forter says that it has pioneered the only solution that assesses trust at every customer interaction in real time. Powered by a coalition of the biggest enterprises and designed by the foremost experts—to unlock the full promise of commerce based on trust.

Intel Taking Mobileye Public — Maye Be Worth $50 Billion
Intel has announced plans to have Mobileye, the Israeli driver assistance systems and autonomous car development company, go public once again in an IPO. The initial public offering for Mobileye is planned for next year.

A final decision on the IPO and its conditions and ultimate timing is pending and subject to market conditions. But Globes reports that the IPO is expected to bring Mobileye a $50 billion valuation.

Intel will maintain majority ownership of Mobileye. It acquired Mobileye for $15.3 billion in 2017. Mobileye first went public on the NASDAQ in 2014.

Mobileye is a market leader in driver-assistance and autonomous driving solutions. It expects to deliver over 40% more revenue in 2021 compared with 2020, along with a record 41 new program wins with more than 30 leading automakers worldwide.

Israeli Transportation Startup VIA Looks To Wall Street IPO
Via Transportation, an Israeli startup that offers new TransitTech, is planning on holding an initial public offering IPO on Wall Street. Via confidentially submitted its proposal to the US Securities and Exchange Commission (SEC), so no word yet on its plans or expected valuation. But most recently Via was valued at of $3.3 billion.

That valuation came after the company raised $130 million at the end of November.


Founded in 2012 by CEO Daniel Ramot and CTO Oren Shoval, Via boasts that the company pioneered what it calls TransitTech by using new technologies to develop public mobility systems — optimizing networks of buses, shuttles, wheelchair accessible vehicles, school buses, autonomous vehicles, and electric vehicles around the globe.

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