ISRAEL 
HIGH-TECH & INVESTMENT REPORT

from the February 2015 issue


Start-up financing highest since 2000

In 2013, Israeli exits totaled $7.6 billion and in 2012 exits totaled $5.5 billion. The closest to 2014 was 2006 when exits totaled $10 billion.

In 2014, there were 70 IPOs and mergers and acquisitions in Israeli high-tech, up from 45 such deals in 2013. Between 2005 and 2009 the number of deals, but not the total amount of money involved, surpassed 2014, with 76, 93, 88, 84 and 73 deals respectively.

In 2014, there were 18 IPOs totaling $9.8 billion compared with just $1.2 billion raised in 2013. There were also mergers and acquisition worth $5 billion in 2014, down from $6.5 billion in 2013. The fall shows that many more mature Israeli high-tech companies preferred an IPO to being acquired. 52 Israeli companies were acquired in 2014, compared with 39 in 2013.

The value of the average deal in 2014 was $212 million, compared with $170 million in 2013. Nasdaq was the main venue for Israeli IPOs in 2014 with 67% of the offerings, London's AIM saw 28% of offerings and the NYSE 5%.

In terms of sectors, semiconductors saw deals worth $5.7 billion in 2014 followed by IT and software with $3.08 billion, life sciences with $2.2 billion, Internet with $1.8 billion, communications with $1.44 billion, and cleantech with $430 million.

Leading IPOs included Mobileye (NYSE: MBLY), CyberArk Software Inc. (Nasdaq:CYBR), and Crossrider Ltd. (AIM:CROS).



Reprinted from the Israel High-Tech & Investment Report February 2015

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