World Record: Israeli IPOs Rise 73 Percent In August Despite Gaza Conflict

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.