Israeli Companies Looking at Billion Dollar IPOs in 2021
IronSource, OrCam and Taboola are among the ones hopping for huge exits next year.
The Coronavirus has not stopped Israeli companies from making it big. Startup Nation has many firms looking at billion plus valuations after going public in 2021. The IPO hopefuls include Taboola, ironSource, Nayax, OrCam, Etoro and Innoviz.
OrCam Technologies Ltd may just be worth more than $3 billion. That is the company expects to have such a valuation after it goes public in 2021.
Founded in 2010, OrCam produces new technology for the blind and other people with visual deficiencies. Its MyEye is wearable technology for people who are blind or visually impaired. It is a voice-activated device that provides increased independence by communicating visual information, audibly. With OrCam MyEye, you can read text, recognize faces, and identify products.
What a world we now live in. From helping the paralyzed walk again to all manner of voice-activated systems, Israeli firms are at the forefront of developing new ways to help the disabled. In Star Trek the Next Generation, a blind character could see with the help of a special visor connected to his nervous system. Soon that too could be a reality.
Taboola, an Israeli web content recommendation startup, is planning a NASDAQ IPO. According to a report in Globes, the company expects to come out of its IPO with a $3 billion valuation.
Founded in 2007, Taboola states that it helps people find relevant content online, matching them with news stories, articles, blogs, videos, apps, products and other content they’re likely to want to explore.
How does Taboola know what people will like? The company boasts that its technology uses machine-learning algorithms to analyze hundreds of signals that capture exactly what kind of content each individual is most likely to engage with. Taboola says that it does that more than 450 billion times a month for more than one billion unique users.
ironSource, which helps game developers monetize their platforms, expects to have the biggest IPO and exit in Israeli history. The company anticipates an $8 billion valuation after it goes public.
Founded in 2010, ionSource offers a mobile ad mediation platform, mobile ad network, and a data-driven user acquisition platform for games which it boasts closes the monetization and marketing loop to empower game developers to turn their games into successful businesses.
Innoviz Technologies, an Israeli startup which offers high-performance, solid-state LiDAR sensors and perception software, will go public in the first quarter of 2021 and expects to hit a valuation of $1.4 billion. The company will be listed on the NASDAQ under the ticker symbol “INVZ.”
Founded in 2016 by by a Israeli Intelligence Corps veterans from Unit 81 Oren Rosenzweig and Omer David Keilaf, Innoviz produces solid-state LiDAR sensors and perception software that enable the mass-production of autonomous vehicles. Its solutions include InnovizPro and InnovizOne which provides 3D sensing for Level 3-Level 5 autonomous driving.
REE Automotive is a developer of electric platforms for automobiles. The Israeli company is looking to hold an IPO in 2021 with a special purpose acquisition company. The company reportedly expects to gain a valuation somewhere between $3-4 billion. REE Automotive describes itself as an electric platform leader which is reinventing e-mobility.
Israeli startup eToro, which offers its clients a platform for managing their investments, is planning an IPO that the company expects will give it a $5 billion valuation. Calcalist reports that eToro is currently talking over the details for the IPO, planned for 2021, with the investment bank Goldman Sachs.
Founded in 2007 by CEO Yoni Assia and his brother Ronen Assia, eToro calls itself the world’s leading social trading network, with millions of registered users and an array of innovative trading and investment tools. The company declares its main goal is to remove barriers and make online trading and investing more accessible to the everyday user.
Earlier this month eToro jumped to just a $2.5 billion valuation, after being valued at just $800 million two years ago. This resulted from a $50 million infusion from an unnamed American investor. If you do the math that means that the investor bought a 2% stake in the company and, depending on the terms of the investment, he could now be looking at doubling his money in just a few months.