FILED UNDER SOMETHINGISRAELI >> Business
London's Alternative Investment Market has proven to be a popular choice for Israeli businesses looking to raise finance.
Last year 16 Israeli firms raised money on AIM, which is part of the London Stock Exchange and in the process became the third largest country using the London market to raise money behind Australia and Ireland.
“We are very pleased with the current situation and hope the trend will continue and increase,” Israeli embassy commercial affairs minister Meron Hacohen recently told the Jewish Chronicle newspaper. “It is a wonderful example of creating a win-win trade situation between Israel and the UK. It brings prosperity to the London market and simultaneously encourages further investment in the Israeli economy and raises their profile.”
Since its launch in 1995, AIM has raised over £2.2billion for businesses and Israelis are benefiting from the interest in the market with great success.
AIM listed Leadcom which offers telecommunication services is one winner since floating and has seen its share price almost double in the last six months.
Forthcoming AIM floatations may include Israeli internet portal Walla which is said to be considering listing on AIM with a valuation of around $100m.