The news that Israeli technology company PeerTV is to go public on the Alternative Investment Market (AIM) could be a turning point for the market. AIM has suffered over the past two years, stung by the financial crisis.
Several Israel-associated companies have been left with little choice but to delist. But PeerTV?s decision to float in what will be the first Israeli company to list on AIM in the past three years, could prove to be significant. Ronnie Jaegermann, the chief executive of PeerTV, which provides the technology to enable you watch TV using broadband, is hopeful that other companies will follow suit. He says: ?If you are a good company then AIM will be good for you.?
And Israel is certainly not short of "good companies". More than 10 Israeli technology firms have had successful exits over the past few months, where people have tripled their investment. Israel-based SodaStream recently raised $109 million in its US initial public offering.
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