List of Israeli companies quoted on the ASX

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As of 2019, 15 Israeli companies were listed on the Australian Securities Exchange. Nearly all achieved their listings [1] via a so-called "back-door listing" [2] where a currently-listed entity is used as a shell to house the new entity.

The ASX has traditionally hosted a large number of relatively small and early-stage companies due to a long history of mining exploration ventures in Australia. [3] Accordingly, companies with market capitalization of as little as $5–$10m are able to list on the ASX and are not restricted to a secondary market- they list on the main exchange. [4] This enables more liquidity than might be achieved on a US secondary market. [5] Technology firms often seek relatively large amounts of capital to rapidly scale while still at modest market capitalizations. [6] So smaller securities exchanges abroad (Singapore is another purported example) [7] can be a favourable if unexpected option for listing, despite the geographical distance from their original base. Another perceived advantage is the absence of any cap on executive remuneration in Australia whereas such caps exist in Israel. [8]

Performance of the companies has been mixed since the initiative began in 2016, with Weebit Nano the most successful of these companies as of 2024. Nevertheless Coby Hanoch, the CEO of Weebit Nano has expressed his desire to delist from the ASX when able to do so, saying the ASX is “50 years behind the world in dealing with technology and in dealing with the regulation.”. [9]

List of Israeli companies currently or previously quoted on ASX

This is a list of Israeli companies quoted or previously quoted on the Australian Securities Exchange as of August 2024.

NameTicker SymbolYear ListedSectorProducts / SolutionsNotes
MobilicomMOB2017 Telecommunications   
G Medical Innovations Holdings (delisted 2020)GMV2017 Digital Healthcare   
Audio Pixels HoldingsAKP2004 Consumer Durables
Fluence CorporationFLC2007 Industrial Technology
Weebit NanoWBT2016Semiconductor Technology
MMJ Phyto TechMMJ2015 Healthcare Medical Cannabis
ElsightELS2017Communications
e-Sense Lab (delisted 2021)ESE2017HealthcareMedical Cannabis
Dragontail Systems (delisted 2021)DTS2017 Logistics Algo, delivery optimization software
HearMeOut (delisted 2020)HMO2016 Social media Audio-based social media
Ultracharge (delisted/renamed ASX:SUV 2020)UTR2016 Battery technology
MGC Pharmaceuticals (delisted 2020)MXC2015 Medical Cannabis
Dotz Nano Ltd [10] DTZ2016 Nanotechnology Graphene quantum dots
Sky and Space Global (delisted 2021)SAS2016Space technology Nanosatellites
Splitit (delisted 2023)SPT2019Software and information technology merchandise financing
AppsVillage Australia Ltd (delisted 2022)APV
Creso Pharma (now Melodiol Global, ME1)CPH
Delta Drone International (now Rocket DNA, RKT)DLT
Heramed CorporationHMD
Nutritional Growth Solutions LtdNGS
Roots Sustainable Agricultural Technologies LtdROO
Shekel Brainweigh LtdSBW
Security Matters LtdSMX
Way 2 VAT LtdW2V

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<span class="mw-page-title-main">Stock exchange</span> Organization that provides services for stock brokers and traders to trade securities

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Blockchain Global Limited is a Bitcoin mining and management consulting company. Its headquarter is located at Melbourne, Australia. Founded as Bitcoin Group, after attempting to become the first digital currency company to launch an IPO without 'backdoor listing', the company expanded its focus into consulting and corporate fraud and extortion prevention.

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References

  1. "Australian stock exchange to Israeli tech firms: Come list Down Under". The Times of Israel . Retrieved 7 November 2017.
  2. https://www.moneysmart.gov.au/investing/shares/keeping-track-of-your-shares/backdoor-listings
  3. "3 more Israeli cos set for Australian IPOs – Globes English". Globes. 30 April 2017. Retrieved 7 November 2017.
  4. "Australia/Israel & Jewish Affairs Council – Partners in Innovation". aijac.org.au. 29 August 2017. Retrieved 7 November 2017.
  5. "ASX looks to attract international start-ups for diversity boost". Australian Broadcasting Corporation . 25 April 2017. Retrieved 7 November 2017.
  6. "Behind the growth in ASX tech listings". asx.com.au. Retrieved 7 November 2017.
  7. Gabriel, Anita. "SGX woos Israeli startups for IPOs" . Retrieved 7 November 2017.
  8. "Australia/Israel & Jewish Affairs Council – Partners in Innovation". aijac.org.au. 29 August 2017. Retrieved 7 November 2017.
  9. "'50 years behind': ASX-listed AI play Weebit Nano lashes local market". Capital Brief — Business news and politics for the new economy. 19 March 2024. Retrieved 13 August 2024.
  10. "Dotz Nano to be 8th Israeli ASX listing". 23 May 2016. Retrieved 7 November 2017.