The flood of Israeli-based start-ups listing on the ASX is showing no signs of abating, with secure communications technology company Elsight the latest planning to go public on the exchange.
The company is raising $6.5 million at 20? a share and a valuation of $18.17 million. It has met with a range of institutional investors and family offices on a roadshow in Australia this month.
It joins the likes of Israeli firms Votiro Cybersec and CyberGym which are also listing on the ASX this year.
Chief executive and co-founder Nir Gabay told The Australian Financial Review the stock market in Israel was “weak”, so firms had started looking for other options.
Read the full article by Yolanda Redrup at The Australian Financial Review.