Tech millionaires proliferate in Israel's tech boom
Due to stock options, 10,000 senior tech employees have become millionaires in dollar terms in the past year and 20,000 lower-level staff in shekel terms, a survey has found.
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Due to stock options, 10,000 senior tech employees have become millionaires in dollar terms in the past year and 20,000 lower-level staff in shekel terms, a survey has found.
The U.S. IPO market hasn’t shut down, it has just become pickier. Israeli companies, or those that are associated with Israelis, were among those to first feel the impact of the shift by American investors, but they are not the only ones. Video creation and distribution company Kaltura Inc. was forced to postpone its IPO, in which it planned to raise $350 million at a $2 billion valuation to an unknown date, while real estate platform Compass, founded by Ori Allon, had to cut its issuance by half, from $900 million to nearly $450 million, though its shares spiked by 20% on the first day of ...
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