Proving that the Gaza conflict has not affected Israeli stocks as much as the Israeli tourism and other service industries, Mobileye, the global leader in the design and development of camera-based Advanced Driver Assistance Systems, rose by a massive 73 percent to $43.22 since its July 31 IPO on NASDAQ. It was the the biggest increase among all companies globally that raised $500 million or more in the past trimester. Caesarstone, another Israeli publicly-listed company, which engineers stone surfaces, rose 20 percent last month. According to Bloomberg news, the performance of Mobileye and Caesarstone, which has more than tripled since its 2012 listing, could help bolster demand for more Israeli IPOs.
Subscribe to NoCamels weekly newsletter and get our top stories
Related posts
Israeli Wave Energy Tech To Create Power In Taiwan
October 08, 2024
Microsoft Creates AI Tool To Help Preserve October 7 Testimonies
October 08, 2024
Water Management Pioneer Unveils Unique New Anti-Leak Platform
October 06, 2024
Israel Sending 20 Green Tech Firms To UN Climate Conference
October 06, 2024
Facebook comments