Persuading Israel's Tech Firms to IPO at Home

Entrepreneurs prefer to list their companies’ shares in the U.S.
Photograph by Ariel Jerozolimski/Bloomberg

When 200 tech entrepreneurs and venture capitalists gathered in the lobby of the Tel Aviv Stock Exchange in September, Chief Executive Officer Yossi Beinart made sure to wear his customary suit and tie. Beinart, who opened the night of startup presentations from some of the world’s hippest tech accelerators, didn’t want to blend in with the casually dressed crowd. “I told them, ‘I’m the only one here in a suit. So please, if you ever are on the verge of going public, remember the guy in the suit.’ ”

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