“Globes” (www.globes-online.com), which brings news coverage of Israeli business, representing Israel’s elite in management, investment, technology, law, accounting, and marketing has written a piece regarding venture capital, profitability and exit time within the Israeli start-up space. The article, by Roy Goldenberg made quick reference to Plus500, leading provider of online CFD trading, which LeapRate has covered extensively since its IPO.
Below is the following snippet from the article which makes reference to Plus500:
In a survey by Israeli company iAngels, figures show that the highest multiple among the 20 most profitable exits in Israel was by the 15th place finisher Israeli online retail CFD broker Plus500 Ltd. (LON:PLUS). The company held its IPO at a $200 million company value – 500 times the $500,000 raised. Plus500’s investors had to wait an average of five years for the exit, much longer than for most of the other profitable exits.
For the full article on angel and venture capital within Israel, click here.