This morning (August 5, 2018), LivePerson management opened the trading on the Tel-Aviv Stock Exchange (TASE) to mark the Company’s entry into TASE’s flagship index, the TA-35 Index.
LivePerson was established in the United States in 1995. The company develops and provides live chat platforms with surfers on business Internet sites and on mobile apps to assist with purchasing, including the ability to track a customer’s movement within the website and to monitor his behavior patterns. The company currently employs close to 1000 staff, 45% in Israel, at the company’s development center in Raanana.
In 2000, the company made an IPO on NASDAQ and in 2011 it dual-listed on TASE at a market value of NIS 2 billion. As of today, the company’s market value stands at NIS 4.5 billion, which brings the entry of the company to the TA-35 Index.
Yuval Matalon, LivePerson Israel’s CEO: “We are very excited about LivePerson joining the the TA-35 Index. The company’s entry into this index reflects LivePerson’s ability to identify the market’s needs and to provide a response to the thousands of our existing customers and our many future customers. Our unique status attracts a multitude of talents in the fields of artificial intelligence, research and engineering, which contribute to creating a robust and enriching work environment of advanced technology for the benefits of our customer base and our business partners. As part of our journey, we consider it to be part of our obligation to add value for our shareholders throughout the world and to be at the forefront of innovative, advanced technology”.
Sharon Lavi, Head of TASE’s Trading and Indices Unit: “Since the company’s dual listing on TASE in 2011, its market value has grown significantly. LivePerson is a very good example of how a company can benefit from dual listing: by US standards, the company is not large and is not included in any of the leading indices in the United States; however, by Israeli standards, the company is large enough to be included in the Israeli flagship indices. I wish the company and its employees continued success for the benefit of the Israeli and international investing public and for the benefit of the capital market.”.
Pictured from right to left:
Amnon Neubach, Chairman of TASE’s Board of Directors; Sharon Lavi, Head of TASE’s Trading and Indices Unit; Yuval Matalon, LivePerson Israel’s CEO; Doron Guetta, LivePerson Israel’s CFO; and Ittai Ben-Zeev, TASE’s CEO.
Photo credit: Omer Messinger, for no financial consideration.
