Tel Aviv Stock Exchange to Delay Bourse's IPO, CEO Ben-Zeev Says

The transcript discusses the Tel Aviv Stock Exchange's collaboration with the ESX and its strategy to tap into the Asian market. It clarifies that the possibility of the Singapore exchange taking a stake is off the table due to a decision to sell equity to international investors. The focus is on leveraging the Asian market for Israeli high-tech companies, despite the traditional preference for NASDAQ. The IPO plans are postponed to 2019, with a strategy to attract strong institutional investors and address market challenges.

What was the primary reason for the Tel Aviv Stock Exchange's visit to Singapore?

• To conduct an IPO in Singapore

• To explore new tourism opportunities

• To sign a collaboration agreement with ESX

• To finalize a stake sale with the Singapore Exchange

Why did the Tel Aviv Stock Exchange decide against selling equity to the Singapore Exchange?

• The deal was blocked by the Israeli government

• They wanted to maintain full ownership

• The Singapore Exchange offered a low price

• They preferred to sell to a group of international investors

What percentage of the Tel Aviv Stock Exchange's equity is held in a trustee vehicle?

• 25%

• 72%

• 32%

• 50%

What is the historical trend for Israeli high-tech companies regarding IPOs?

• They avoid IPOs altogether

• They often choose NASDAQ for their IPOs

• They primarily list on European exchanges

• They prefer to list on Asian exchanges

What percentage of Israeli high-tech exits are through M&A transactions?

• 50%

• 93%

• 100%

• 75%

When was the Tel Aviv Stock Exchange's IPO initially planned to occur?

• 2017

• 2018

• 2019

• 2020

What is one reason for the Tel Aviv Stock Exchange's focus on the Asian market?

• The Asian market is declining

• Israeli companies are increasingly selling products in Asia

• The European market is saturated

• There is no interest in the American market