Canadian Stock Exchanges Vying for Israeli Startup Listings
Israeli tech startups are being fought over at stock exchanges, with different Canadian exchanges vying for their listings.
The leadership of exchanges the world over are seeking Israeli tech firms and their lucrative growth, and especially in Canada Israeli firms are finding lots of success. With the Canadian tech sphere growing, Israeli participation is a natural progression according to the Times of Israel.
Just this week, Israel’s largest medical cannabis producer, Breath of Life, Inc, got a very lucrative placement on the TSX, the Toronto Stock Exchange, where it joined Baylin Technologies, Inc. Additionally, Adcore, an Israeli advertisement technology company, got listed on the TSXVC, the Venture Capital branch of the TSX, and has already raised millions of dollars. More additions are reportedly in the pipeline for the coming months.
Toronto Stock Exchange woos firms as race for Israeli tech listings grows: Yossi Boker, head of business development for the exchange in Israel, says there is a 'pile of new listings in the pipeline if everything goes as planned' https://t.co/VzSnfsFI8v TimesofIsrael pic.twitter.com/jQT0pVuBnJ— Jewish Community (@JComm_BlogFeeds) June 9, 2019
The Toronto exchange also has a remote market in Tel Aviv, a commitment to its goal of increasing Israeli participation. Officials from the Toronto Stock Exchange as well as the Australian Stock Exchange have been visiting Israel to drum up support, and the investments seem to be paying off. The Australians are also looking to allow double listing with the Tel Aviv Stock Exchange to boost investment, letting both Israelis and Australians invest in their native currencies and easing the way to greater international financial support.
This commitment to Israel affirms Israel’s standing as the premier startup nation, and a lucrative location for venture capital and equity investment.