Stock performance in Tel Aviv.
Click to ENLARGE and goggle.
Wow. Their stock performance in Israel has not been stellar — and that is saying it kindly.
I would NOT touch this U.S. IPO. The stock, in Israel, right now, seems to be on a downward trajectory.
Also seems a bit late in the day to do an U.S. IPO. They went public in Israel 12-years ago!
During ‘dot.com’ I did a ton of work for a number of Israeli high-tech companies. Great folks to work with, but I kind of learnt one thing. It is not easy for outsiders to make money in Israeli companies. Yes, of course, there are exceptions.
This one does not fill me with optimism. But, you can check it out.