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  • mayay 1:13 pm on November 23, 2014 Permalink
    Tags: , adama crop protection, adama wall street offering, Chen Lichtenstein, israel agritech   

    Adama To Cancel Wall Street Offering 

    adamalogoNovember 23, 2014 | The Israeli crop protection company Adama will reportedly cancel its offering on Wall Street due to low demand from US investors at the offering price of $16-18 per share. Despite meetings with US financial institutions with the goal of successfully floating the company on the New York Stock Exchange (NYSE), the company was forced to cancel its offering, in the meantime. The company planned to issue 23.5 million shares at $16-18 per share, hoping to raise $376-423 million, at a valuation of $2.6-2.9 billion, after money. Adama was founded in 1945 and is headed by CEO Chen Lichtenstein.

     
  • mayay 12:31 pm on November 23, 2014 Permalink
    Tags: , , , perrigo pharma, perrigo pharma ta-25, perrigo secondary ipo, pharmaceutical companies wall street   

    Perrigo To File For $900M Secondary Offering On Wall Street 

    PerrigoNovember 23, 2014 | The Perrigo Company, which produces over-the-counter generic drugs, filed a prospectus to raise $900 million in a secondary offering on Wall Street. According to the company, the funds will be used to help acquire the Belgian over-the-counter drug firm Omega Pharma for $4.5 billion. Some estimates suggest that Perrigo could raise up to $1 billion on the NYSE if book-running managers J.P. Morgan, Barclays and Bank of America and Merrill Lynch agree to buy options. The company, which is headquartered in Ireland and headed by CEO and President Joseph Papa, has a medical development branch in Israel and is the only non-Israeli company listed on the TA-25.

     
  • mayay 12:18 pm on November 23, 2014 Permalink
    Tags: car collision avoidance technology, , , mobileye ipo, mobileye revenue,   

    Mobileye Sees 70 Percent Increase In Revenue In Q3/2014 

    MobileyeNovember 23, 2014 | The collision-avoidance technology developer Mobileye saw its revenue increase 70 percent, to $34.7 million, in the third financial quarter of 2014. The company’s share price also jumped 5 percent in pre-market trading on Wall Street, giving Mobileye a market cap of over $10 billion. The company also announced a $13.1 million GAAP-based net loss, at $0.09 per share, in the same quarter, compared with $5.5 million in net profits in the corresponding quarter of last year. Mobileye was founded in 1999 by Ziv Aviram and Prof. Amnon Shashua.

     
  • mayay 2:51 pm on November 20, 2014 Permalink
    Tags: , adama ipo, agritech startups, , israeli startups on wall street, nyse adama,   

    Adama Set To Issue NYSE IPO This Week 

    adamalogoNovember 20, 2014 | The Israeli crop protection technology provider, Adama is nearing the closure of its IPO on the New York Stock Exchange this week. The company has spent the past week meeting with institutional investors in the United States to close to share price and listing details for the offering. Adama plans to issue 23.5 million shares valued between $16-18 per share, and therefore is set to raise between $376-423 million, at a market cap of $2.6-$2.9 billion, after money. The share price for the Adama offering is low, despite the fact that only six companies control the crop protection market, worth $59 billion. Adama was founded in 1945 and is run by CEO Erez Vigodman.

     
  • mayay 2:39 pm on November 20, 2014 Permalink
    Tags: andbank sigma acquisition, andbank spain, , , prof. dan galai, sigma investment bank   

    Spain’s Andbank Acquires Controlling Interest In Sigma Investment Bank 

    sigmainvestmentNovember 20, 2014 | The Spanish investment bank Andbank will acquire a controlling interest in Sigma Investment Bank, according to a “Globes” report. Andbank will acquire 60 percent of Sigma’s shares, paying between NIS 25-30 million ($6.4- 7.7 million) for the shares. The remaining 40 percent of the shares, worth approx. NIS 3.5 million ($909,859), will remain under the control of the bank’s founder Prof. Dan Galai and his partners Ezra Attar and Abraham Gilat. Andbank manages over €20 billion (approx. $25 billion) in assets, and has been looking for a breakthrough into the Israeli market for some time.

     
  • mayay 2:47 pm on November 19, 2014 Permalink
    Tags: , sap israel, sap labs israel, sap startup forum, startup competitions israel,   

    SAP Holds Third Annual SAP Startup Forum 

    SAPNovember 19, 2014 | SAP Labs Israel, a research & development center for the international software solutions provider, invites startups to take place in the third annual SAP Startup Forum. The SAP Startup Forum is an international program held in Israel and other countries with the goal of strengthening the relationship between SAP and startup companies, which can make use of SAP’s technologies, most notably the cloud analytical platform SAP HANA Cloud. Approximately ten of the most promising startups will be awarded $65,000 in funds and a support package from SAP. SAP is a German mutlinational software company founded in 1972 that has R&D labs in Israel and a variety of other locations.

     
  • mayay 1:37 pm on November 19, 2014 Permalink
    Tags: battery ventures israel, efranat, efranat cancer treatment, gcmaf cancer treatment, , israel cancer treatments,   

    Efranat Raises $4.5M To Continue Trials On GcMAF Cancer Drug 

    efranatlogoNovember 19, 2014 | The Israeli company Efranat, which has developed a cancer treatment, raised $4.5 million from Battery Ventures and others. The company’s cancer treatment, which is currently undergoing trials, makes use of the controversial substance GcMAF, which was touted by an American professor as a substance that could ‘completely heal’ cancer, research that has since been discredited by a number of medical institutions. Efranat hopes to show that GCMAF can indeed be used to treat and even cure cancer, conducting tests on animals (dogs to be specific) and humans that have proven successful thus far. Following the trials, Efranat hopes to market the treatment as technology that engages the patient’s own immune system to fend off cancer.

     
  • mayay 1:18 pm on November 19, 2014 Permalink
    Tags: heins former blackberry ceo, , , powermat ceo, , , thorsten heins   

    Former Blackberry CEO Heins Appointed Powermat CEO, Chairman 

    powermatNovember 19, 2014 | The shareholders in the Israeli wireless charging company Powermat appointed former Blackberry CEO Thorsten Heins to the position of CEO and chairman of the board. Heins will take over former CEO Ran Poliakine’s position, who will remain in the company in the position of deputy chairman. Powermat shareholders hope Heins will be able to expand the company’s global presence, with their wireless charging technology already launched in 200 California branches of the Starbucks coffee chain. Powermat was founded in 2006 by Poliakine and Amir Ben-Shalom, and the company’s headquarters are in Neve Ilan, Israel.

     
  • mayay 8:45 pm on November 18, 2014 Permalink
    Tags: chat with celebrities viber, , public chats viber feature, , , viber talmon marco   

    Viber Releases New ‘Public Chats’ Feature To Tap Into Celebrity Messages 

    ViberNovember 18, 2014 | Viber, an application offering free messaging and Internet calls, announced a new feature called Public Chats, allowing users to share and interact with conversations, communities, and content. The Public Chats feature will be live conversations between celebrities and other public figures that Viber users can choose to follow, giving them the chance to tap into live conversations in real time. In addition, users can invite friends to follow a Public Chat that can contain not only text, but also images, audio, stickers, web links and more. For the Public Chat launch, celebrities like Perez Hilton, Pixie Lott, DJ Paul van Dyk and more will participate, with the most popular Public Chats to be featured in the section’s homepage. Viber was founded in 2010 and is a Rakuten Group company.

     
  • mayay 4:30 pm on November 18, 2014 Permalink
    Tags: israel content recommendations, , , outbrain content recommendation, , , time magazine content   

    Outbrain Signs Content Recommendation Deal With Time 

    OutbrainNovember 18, 2014 | The content recommendation company Outbrain signed an exclusive multi-year agreement with the US media giant Time. Time will use Outbrain’s services to enhance its digital publication by suggesting content that may be suitable for its global readership. According to reports, the partnership between the company is expected to generate $100 million in revenue for Time over the entire course of the agreement. Outbrain, for its part, will provide Time with tools to pair editorial decision-making with predictive analytics and algorithmically-generated content recommendations. Outbrain was founded in 2006 by CEO Yaron Galai and General Manager Ori Lahav and, according to estimates, had 561 million unique users by September 2014.

     
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