• Second company to list on London Stock Exchange's High Growth Segment
• IPO raises £41 million, valuing Matomy at £203 million
• 5th Israeli company to list on London's markets in 2014
London Stock Exchange today welcomes Matomy, the second company to be admitted to the High Growth Segment. Tel Aviv – based Matomy, one of the world's leading digital performance-based marketing companies, raised £41 million giving it a market value of £203 million.
There have been five Israeli IPOs on London Stock Exchange this year, with a combined market cap of approximately £700 million and raising £440 million.
Marcus Stuttard, Head of UK Primary Markets & Head of AIM, London Stock Exchange Group said:
"London Stock Exchange is committed to ensuring ambitious, fast growing businesses have access to equity capital. Matomy's successful IPO confirms that the High Growth Segment allows fast growing companies to use the market as a launch pad for further success and reinforces London's ability to attract and support businesses from across the world."
Ofer Druker, Chief Executive Officer of Matomy, said:
"Today marks another step forward in realising our ambition to become one of the world's leading digital performance-based marketing companies. We are coming to market with a compelling proposition for investors, namely: our propriety technology, global presence and extensive experience, as well as our consistent record of strong growth in both revenue and EBITDA. I am confident that Matomy, as a public company, will be able to capitalise on its achievements to date and continue to deliver for all its stakeholders."
The High Growth Segment (HGS) of London Stock Exchange's Main Market has been designed to attract high growth businesses with the drive and capability to expand globally. HGS provides medium and large sized high growth companies with an additional route to the Main Market, to raise capital and to use the public market as a platform to build their business.
Matomy's HGS listing follows JUST EAT, the online market place operator for restaurant delivery, which was admitted to the HGS on 08 April 2014.
Companies joining the HGS must set out an intention to join the Listed segment of the Main Market over time.