Snyk CEO favors Wall Street IPO in 2026
Peter McKay told “TechCrunch’: We’ve got $435 million in the bank and are very close to break-even. In 2025, we won’t burn any cash, so I can pick the time when I go public. I don’t need to rush.”
Israel's forex reserves back on the rise
Israel’s foreign exchange reserves at the end of November 2024 rose to $217.1 billion, an increase of $1.026 billion from their level at the end of October, the Bank of Israel reports.
Shekel starts week with more strong gains
Bank Leumi: With the hope that uncertainty will subside, the fundamental forces, such as the current account surplus, continue to support the appreciation of the shekel.
eToro aims at $5b IPO valuation
The company is buoyed by improved profits, and the expectation of more liberal regulation in US financial markets when Donald Trump becomes president.
SolarEdge appoints new CEO
Chief marketing officer Shuki Nir will replace interim CEO Ronen Faier, and will face the task of turning around the energy technology company that has switched to losses and seen its share price collapse.
Trial success boosts NovoCure
The company's share price is up over 30% after it announced the results of the trial of its product in treating pancreatic cancer.