12 “This will lead to opportunities in M&A and alternative routes to fundraising” However, overall, London is home to one of Europe’s largest stock exchanges and Europe’s largest tech ecosystem which remains resilient despite a challenging macro-economic environment. While the US markets may still be favored by many Israeli tech companies, some of these factors may eventually help draw more Israeli companies to consider listing on the LSE.” “The Israeli market is at an interesting phase with many VC backed and other tech companies likely to or already running out of funding,” asserts ERM’s Marks. “Our view is that this will lead to opportunities both in M&A as well as more interest in alternative routes to fundraising (e.g. IPOs) in the next 12 months. Historically Israeli companies tend to look to the U.S. capital markets (the Nasdaq and NYSE) rather than London. The LSE and its advantages need to be consistently promoted, and there needs to be a few success stories (both IPO and post IPO) to generate more interest. It is worth noting that the capital markets (and in particular the experience of Israeli companies on the capital markets) have been hit hard so though we are confident that the capital markets (and the LSE specifically) will continue to prove attractive, we expect it to be an incremental process of increasing deal volume.” The Roadmap may be new but there are encouraging signs.
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