Report: Crossrider To Announce $75M London IPO

September 3, 2014 | According to a “Globes” report, Teddy Sagi’s company Crossrider is set to announce plans for an IPO on London’s AIM Stock Exchange. The IPO will go forth at a company value of $250 million, with the company planning to raise $75 million led by The Shore Capital investment bank. Crossrider is set to have one of the shortest times on record from its founding to its IPO for an Israeli company, and it is most likely due to Sagi’s business prowess. The company, which specializes in the optimization of Internet traffic for digital advertisers in particular, was originally founded by CEO Koby Menachemi and CTO Shmueli Achdut in 2011 and was acquired by Sagi 20 months after its founding for $37 million.