Winners and Losers of the Week: the Nasdaq-Listed Company That Tripled its Stock Price in a Day Tops This Week’s List
Selection of this week's winners and losers by CTech's Editor
09:1307.06.19
This week’s winners are:
Exoskeleton developer ReWalk, for tripling its stock price in one day after receiving FDA clearance for its stroke rehabilitation suit. The Nasdaq-listed company which develops wearable robotic systems that help people walk again after injuries and strokes has received clearance for the sale of ReStore, an exo-suit used to treat stroke survivors with impaired mobility. In the U.S., the ReStore suit will have a launch price of $28,900. Read more
Exoskeleton by ReWalk. Photo: Reuters Cybersecurity company SentinelOne, for raising $120 million and bringing the company nearer to $1 billion valuation. SentinelOne’s series D round, led by Insight Partners, brought its total funding to date to $230 million. Read more
Online insurance company Lemonade, for its bold IPO aspirations. Lemonade is looking to make an initial public offering in New York within the next six months at a company valuation of $2 billion. The SoftBank-backed company has hired JP Morgan Chase and Goldman Sachs as the underwriters. The company wants to raise over $500 million. Read more
Online gig marketplace Fiverr, for its plan to go public according to a post-IPO valuation of $650 Million. Fiverr is looking to raise $121 million in its initial public offering on NYSE. The company has facilitated over 50 million transactions to date and operates in over 160 countries and reported revenues of $75.5 million for 2018 and of $52 million for 2017. Read more
This week’s Loser is:
Israeli billionaire Idan Ofer, for hiring spy group Black Cube to spy on Israeli officials. According to a report this week by Israeli investigative news show Uvda, Ofer commissioned Black Cube to spy on Israeli lawmakers and officials in the country's judicial system. Ofer, whose businesses operate in the domains of shipping, drilling, and mining, reportedly contracted the surveillance company to spy on members of a parliamentary committee which looked into taxing the use of natural resources. Read more
This week’s data point: 8.2%
Tech workers make up 8.2% of the Israeli workforce—the highest percentage among OECD countries and high above the OECD average of 3.7%, according to a new report published by Jerusalem-based think tank the Taub Institute for Social Policy Studies. Israeli tech workers account for a quarter of tax income payments, and around half of the country’s exported production. They also receive nearly 2.5 times the average market wage, boosting Israel’s overall GDP and productivity.Read more
This week’s top deals:
Japan’s Recruit Holdings looking to tap Israeli startups with a new $375 million fund. Read more
Pitango looking to raise $150 Million health tech fund. Read more
Sky fund looking to sell its 58% stake in Groupon Israel for NIS 100 Million. Read more
Medical aesthetic devices manufacturer InMode gearing up for Nasdaq IPO. Read more
Automotive cybersecurity startup GuardKnox raises $21 Million. Read more
Japan’s Denso partners with Tel Aviv-based startup Ottopia on solutions for autonomous vehicles. Read more
Japanese Dentsu is scouting Israeli startups for investment and collaboration opportunities. Read more
