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Nasdaq expects increase in IPOs from Israeli firms

Published on May 11, 2014 8:41 PM

TEL AVIV (Reuters) - Nasdaq expects a stronger year for initial public offerings (IPO) of Israeli firms than it had in 2013, the stock exchange's vice chairman said on Sunday.

"Last year there were four IPOs and they had on average an 85 per cent increase since the IPO. So the Israeli companies do well on Nasdaq," Meyer Frucher told Reuters during a visit to Tel Aviv.

"There are a lot of (Israeli) companies, a number of companies that we are engaged in various levels of conversations with. We did four last year, we think we'll do more this year," he said.

His positive outlook echoed the one given by London Stock Exchange officials who visited Israel last month and said they also expect a boost in 2014 for Israeli companies.

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