Israeli high-tech companies were part of 66 exit deals amounting to $14.48 billion in the first half of 2019 alone, setting a five-year record, a report by business analysis company IVC–Meitar has found.
Exits include initial public offerings, mergers and acquisitions, and buyouts.
IVC is the leading business information company in Israel's high-tech industry.
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The report, carried by the Jewish Business News, noted that, for comparison, the total value reached by such deals in the first half of 2018 came to nearly $6.5 billion. Overall, Israeli high-tech companies were part of merger and acquisition deals amounting to $13 billion in 2018.
IVC data found that in the first six months of 2019, 23 deals were made in amounts ranging from $100 million to $1 billion, with a total value of $19 billion, setting a five-year record.
Four IPOs issued in the first half of 2019 raised $231 million, the report said, naming online freelance marketplace Fiverr and cybersecurity startup Tufin Software Technologies, both listed in the United States, as two of the firms to go public.
"According to the IVC-Meitar Exit Report, the average exit ratio of non-VC- [venture capital] backed companies increased to 13.65 while the VC-backed exit-ratio average increased to 3.7, compared with the annual benchmark since 2015. On average, the ratio in 2019 increased, representing higher efficiency of investments in the industry," the Jewish Business News said.
