Why I took my company public at an early stage
One minute briefing: The CEO of dynamic pricing platform Quicklizard, Pini Mandel, outlines the strategic reasons behind its IPO.
by Lauren Brown
When Pini Mandel, CEO and founder of Israeli company Quicklizard – an AI-powered, omnichannel dynamic pricing platform – decided to go public on the Tel Aviv Stock Exchange in February, it was a strategic move.
In doing so at such a relatively early stage in the company’s journey - which began in 2013 - Mandel hoped to raise a further $13.8m in capital for expansion across Europe and enhanced research and development into AI-powered dynamic pricing.
Quicklizard signs Australia, NZ distribution deal
The Israeli AI-based dynamic retail pricing system company has signed a strategic agreement with a publicly-traded Australian distributor.
Quicklizard (TASE: QLRD), an Israeli AI-based company in the dynamic pricing for retail stores sector, announced today that it has signed a strategic agreement with a distributor for its products in Australia and New Zealand. The agreement will allow the company to operate in Australia and New Zealand. The distributor is a publicly-traded company incorporated in Australia, which specializes in providing solutions for retail markets in Australia and New Zealand.
Quicklizard CEO Pini Mandel said, Quicklizard is continuing to expand at a rapid rate and take advantage of the strengthening global demand for AI-based dynamic pricing - and today we are delighted to announce our continued global expansion and entry into the Australian and New Zealand markets, which are new countries with major potentia
Quicklizard Aims to Expand Globally
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Pini, CEO
Quicklizard, currently valued at 37 million euros, is looking to raise an additional 11.4 million euros to accelerate growth across Europe and further.
FREMONT, CA: Quicklizard, a platform that allows retailers to monitor, measure, and incorporate optimal prices based on real-time market trends, recently announced that it would begin listing on the Tel Aviv Stock Exchange (TASE) from Tuesday, 23rd February. The business, which is currently valued at 37 million euros, is looking to raise an additional 11.4 million euros to accelerate growth across Europe and further research and development into AI-powered dynamic pricing. Quicklizard is an omnichannel retail technology organization that provides rule-based, AI-powered dynamic pricing to control businesses worldwide.