Israeli tech cos newly listed on Wall Street are struggling
Israeli tech cos newly listed on Wall Street are struggling
SentinelOne, monday.com and Global-e are flourishing but the other 17 Israeli companies are losing ground. “Globes” analyzes why.
More than 20 Israeli tech companies have begun trading on Wall Street in 2021, one of the busiest ever years for overseas listings. Half of those companies came to the NYSE and Nasdaq via the traditional Initial Public Offering IPO while the others listed through a merger with a special purpose acquisition company (SPAC) – a blank check company which raises money in order to acquire an existing company.
Almost all the Israeli companies that listed on Wall Street through SPAC mergers have posted negative returns while there have been mixed results for the companies that held a regular IPO.
Read the analysis here.
