• Skip to main content
  • Skip to secondary menu
  • Skip to footer

Israel News

#Israel: Israel in social media

  • About
  • Support Us
  • Tech Jobs
  • Contact

Tel-Aviv Stock Exchange Bridges the Gap between Israeli High-Tech and Thousands of Institutional and Accredited Investors with TASE UP

August 17, 2020 By admin Leave a Comment

Newly Launched Innovative Electronic Platform TASE UP Allows Companies and Funds, For the First Time, to Raise Capital from Institutional and Accredited Investors and Remain Private

TASE has entered into several collaborations, including with Jefferies, Novus, Fundit and IVC

Comedian, Adi Ashkenazi, will be fronting the TASE UP launch campaign

The Tel Aviv Stock Exchange (TASE: TASE) builds a bridge between Israeli growth companies and thousands of new investors, transforming capital raising by private companies. TASE UP is an electronic platform designed by TASE for private companies to access investments from institutional and accredited investors. Unlike listing on TASE main market, companies that are listed on TASE UP platform remain private and are not subject to any reporting or prospectus publishing requirements under the Israeli Securities Law.

TASE CEO, Ittai Ben-Zeev said: “TASE is committed to the advancement of the Israeli economy and of the Israeli companies operating in this environment. Today, we are taking this commitment to the next level with TASE UP – a platform that completely transforms capital raising by companies and, for the first time in Israel, harnesses the advantages of the Tel Aviv Stock Exchange, such as access to investors and liquidity, to the benefit of those companies that, at least for the time being, wish to remain private. With the coronavirus looming, as private investors are reluctant to invest in high-tech and technology companies are on the brink of suspension of operations and growth, this solution rises to the challenge. We believe that this solution can bring more and more high-tech companies in this Start-Up Nation to grow and evolve into independent companies with a better connection to the institutional investors and to other investors that are looking to increase their exposure to the technology sector.”

The launch of the new platform and its introduction to investors and to the local technology ecosystem will be accompanied by a digital campaign, fronted by familiar comedian, Adi Ashkenazi, after several successful campaigns with TASE. The introduction and exposure of TASE UP aims to position it as the way forward – your next milestone – for entrepreneurs and company leaders in their journey to the top and offers a designated website for companies and investors.

A New Home for Israeli High-Tech: A Unique Platform that Offers Private Technology Companies New Paths for Capital Raising from Accredited and Institutional Investors

The many benefits of the new platform are available to a wide range of companies and investors:

Entities that are permitted to raise capital on TASE UP enjoy unique access to thousands of accredited investors and institutional investors through TASE’s extensive distribution channels, a variety of capital raising channels that are customized to their needs and liquidity for their shareholders.

This streamlined, agile and innovative process affords exemption from prospectus publishing and regular reporting obligations. Listing on TASE UP is suited to a variety of securities and capital structures: shares, bonds, convertible bonds, warrants, participation units and options. The platform is open to technology and biomed companies, venture capital funds, credit funds and REITs investing overseas. TASE estimates the benefits of the platform can be enjoyed by hundreds of companies.

Investors who are permitted to transact on the TASE UP platform enjoy, for the first time in Israel, direct access to investment in private companies through a platform that was constructed to resemble the infrastructure of TASE’s trading and clearing systems and is therefore readily accessible and familiar to them. The investors will also enjoy liquidity for investment, listing, clearing and operation of the payments as applicable to a listed security, as well as identification (ISIN) and presentation of the investor’s holdings in its bank account. Foreign investors will be granted exemption from withholding of tax at source on interest payments.

The platform is also available to public institutions, corporations with equity in excess of NIS 50 million, investment consultants or investment marketers buying for their own account, venture capital funds and private accredited investors, as defined in the Securities Law. These represent thousands of potential investors.

Will the Start-Up Nation (Finally) Invest in Technology?

For many years, Israeli technology companies established and grown in Israel have been raising capital from local venture capital funds and angels as well as from international funds and corporations and foreign technology investors. These sources have become scarce in recent months on the backdrop of the coronavirus outbreak and the global economic crisis. Also, for many years Israeli public institutions have invested sparingly in local growth companies and the Israeli public has therefore had relatively little exposure to this successful sector, despite its notable economic activity and growth potential.

TASE believes that a connection with the local technology ecosystem is a strategic imperative and aims to optimally reflect the Israeli economy and allow the Israeli public to more significantly partake in the success of the local high-tech sector. According to IVC, in the first half of 2020 local start-up companies raised close to US$ 5.6 billion, of which only US$ 1.3 billion in Israeli money. And even those investments were mostly made by private funds and entities in which the general public is not invested.

TASE also believes that diversification of financing sources, particularly in these challenging times, alongside increased exposure of Israeli investors to the growth companies, will improve the market and allow more Israeli growth companies to maintain their independence and even grow and develop in Israel, possibly paving the way to their future listing on TASE and subsequently also on leading international exchanges.

TASE UP was established following the Israel Securities Authority (ISA) approval of the TACT-Institutional platform and picks up directly from the Innovation Authority’s plan for the encouragement of institutional investments in high-tech companies and the creation of an investment track that offers public institutions a State guarantee for their portfolio of investment in technology companies with advanced-stage funding. This track was formulated by the Innovation Authority, the Ministry of Finance, the Capital Market Authority and the ISA.

Strategic Collaborations for a Stronger Connection with the Technology Ecosystem and Better Access to Information

In order to expand the platform’s investor base, TASE has collaborated with several entities to strengthen investors’ connection with high-tech companies and the local ecosystem.

International investment bank, Jefferies – TASE is currently formulating a unique collaboration with Jefferies for the support of Israeli high-tech companies that raise capital on the platform. Jefferies is a leader in capital markets and financial high-tech and biotechnology transactions and also has a strong presence in the Israeli capital market.
Fundit – An investment platform for capital raising by businesses that combines the knowledge and experience of Headstart Group, Israel’s first and largest crowdfunding group, and the expertise of Poalim IBI in capital markets. Fundit is supervised by the Israel Securities Authority and has extensive experience in capital raising for businesses and ventures, including in technology. To date, NIS 315 million has been raised for 140 projects through Fundit.
Novus – A digital issuance platform to manage a complete automated process for the itraded alternative securities among qualified investors. Novus will enable issuers to initiate a deal, reach and communicate with investors globally, market and share data, conduct a bidding process and close a successful IQIO (Initial Qualified Investor Offering).
TASE also works in cooperation with IVC, the leading Israeli high-tech business research and data center, which will supply initial information on the private companies that list on TASE UP, making it accessible to the investors.

TASE’s Technological Revolution

In the past few years, TASE has dedicated considerable resources and efforts to the establishment of an advanced technological infrastructure for a more sophisticated market and the better accessibility of TASE and its listed companies to investors worldwide, this as part of the global trend of digital transformation in the financial sector in general and in the capital market in particular.

Within this mindset, TASE announced the launch, on November 2, 2020, of a Central Blockchain Securities Lending Platform as an optimal response to the needs of investors. This innovative platform is the first of its kind and will enable capital market players direct lending among all the major financial instruments. TASE has also introduced co-location and hosting services for trading servers at its Data Center. The co-location service implements the most advanced infrastructure and international standards and offers equal latency for all co-location customers regardless of their location internally in TASE’s Data Center.

SOURCE The Tel Aviv Stock Exchange Ltd.

Filed Under: Featured Posts

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Footer

Recent Posts

  • Haifa’s Real Estate: A Bubble on the Brink
  • The Proliferation of Ring-Necked Parakeets in Israel: A Complex Ecological Challenge
  • Voyantis Redefines Growth Strategy with $41M Funding Round Led by Intel Capital
  • A pogrom in the streets of Amsterdam
  • WITH ANTISEMITISM AT AN ALL-TIME HIGH, JUST AHEAD OF KRISTALLNACHT, IMMERSIVE XR EXPERIENCE LAUNCHES, GIVING VIEWERS UNPRECEDENTED LOOK INSIDE A PIVOTAL MOMENT IN THE HOLOCAUST
  • UN chief Antonio Guterres just now mourned a mass murderer who oversaw the kidnapping of Hersh Goldberg-Polin
  • Good Morning from Haifa!
  • Haifa’s Empty Beaches Amid Ongoing Conflict with Hezbollah
  • Gloryless Fall of Sinwar: From Hiding to Oblivion
  • Genetic study suggests that Columbus was Jewish

Media Partners

  • Cybersecurity Market
  • Media Partners
Open Source, AI and Cybersecurity Converge in Amsterdam: Previewing the 2025 Open Source Summit Europe and AI_dev GenAI Summit
Barcelona Cybersecurity Congress Spotlights Women’s Impact in STEM and Cybersecurity
SailPoint Launches Harbor Pilot: Transforming Enterprise Security with AI-Driven Identity Governance
INE Security Alert: Top 5 Takeaways from RSAC 2025
CyberArk Advances Identity Security with Comprehensive Solutions for Human, AI, and Machine Identities
Logicube’s Falcon®-NEO2 Forensic Imager Achieves Project VIC Validation; Now VICS Data Compliant
CyberSheath Achieves CMMC Level 2 Certification, Strengthening Its Leadership in Defense Compliance
Inside the Industrialized Scam Economy: Arkose Labs Unveils How Digital Fraudsters Thrive
Check Point’s Strategic Move: Acquiring Veriti to Tackle Advanced Cyber Threats Head-On
Motorola Solutions Enhances Enterprise Security with Advanced Avigilon Features Debuting at ISC West
Brands to Shop
Media Instances
Domain Market Research
Sharp Knife
Domain Aftermarkets
Photo Studio
Photo Contest
Israel News
tography
App Coding

Media Partners

  • Defense Market
  • Media Partners
IDEX 2023, NAVDEX 2023, and the accompanying International Defence Conference (IDC) will be held from 20-24 February 2023 at the Abu Dhabi National Centre
NATO Countries Bordering Russia Unite to Construct Advanced “Drone Wall” for Enhanced Security
Navy Awards General Dynamics Bath Iron Works Contract for Three DDG 51 Destroyers
NATO’s July 2024 Washington, DC Summit: A Comprehensive Overview
ASNE Fleet Maintenance & Modernization Symposium, September 17-19, 2024, at the Virginia Beach Convention Center
AMTAC Suppressors Launches Rebrand and Introduces New Over-Barrel Suppressor Series
goTenna awarded $15M AFWERX STRATFI SBIR Contract for Air Force CoTS Connectivity
AI Defense Forum will take place on September 13 2023 in Tysons, Virginia
Elbit Systems Reports Q2 2024 Financial Results with Strong Revenue Growth Amidst Ongoing Conflict
Vietnam holds first international arms expo in Hanoi
Yellow Fiction
3v
Briefly
DN4B
Posters
Agile Soft Dev
Passerby
Press Media Release
Analysis
Publishing House

Copyright © 2015 IsraelNews.org

Technologies, Market Analysis & Market Research Reports

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT