London Stock Exchange welcomes Matomy Media Group IPO
- Second company to list on London Stock Exchange’s High Growth Segment
- IPO raises £41 million, valuing Matomy at £203 million
- 5th Israeli company to list on London’s markets in 2014
London Stock Exchange today welcomes Matomy, the second company to be admitted to the High Growth Segment. Tel Aviv - based Matomy, one of the world’s leading digital performance-based marketing companies, raised £41 million giving it a market value of £203 million.
There have been five Israeli IPOs on London Stock Exchange this year, with a combined market cap of approximately £700 million and raising £440 million.
Marcus Stuttard, Head of UK Primary Markets & Head of AIM, London Stock Exchange Group said:
“London Stock Exchange is committed to ensuring ambitious, fast growing businesses have access to equity capital. Matomy’s successful IPO confirms that the High Growth Segment allows high growth companies to use the market as a launch pad for further success and reinforces London’s ability to attract and support businesses from across the world.”
Ofer Druker, Chief Executive Officer of Matomy, said:
“Today marks another step forward in realising our ambition to become one of the world’s leading digital performance-based marketing companies. We are coming to market with a compelling proposition for investors, namely: our propriety technology, global presence and extensive experience, as well as our consistent record of strong growth in both revenue and EBITDA. I am confident that Matomy, as a public company, will be able to capitalise on its achievements to date and continue to deliver for all its stakeholders.”
About the High Growth Segment
The High Growth Segment (HGS) of London Stock Exchange’s Main Market has been designed to attract high growth businesses with the drive and capability to expand globally. HGS provides medium and large sized high growth companies with an additional route to the Main Market, to raise capital and to use the public market as a platform to build their business.
Matomy’s listing follows JUST EAT on the HGS, the online market place operator for restaurant delivery, which was admitted to the HGS on 08 April 2014.
Companies joining the HGS must set out an intention to join the Listed segment of the Main Market over time.
- ends –
For further information:
Alexandra Ritterman +44(0)20 7797 1222
Notes to editors:
About London Stock Exchange Group:
London Stock Exchange Group (LSE.L) is a diversified international exchange Group that sits at the heart of the world's financial community. The Group can trace its history back to 1801.
The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and the pan-European equities platform, Turquoise. Through its markets, the Group offers international business, and investors, unrivalled access to Europe's capital markets.
Post trade and risk management services are a significant and growing part of the Group’s business operations. LSEG operates CC&G, the Rome headquartered CCP and Monte Titoli, the significant European settlement business, selected as a first wave T2S participant. The Group is also a majority owner of leading multi-asset global CCP, LCH.Clearnet.
The Group offers its customers an extensive range of real-time and reference data products, including Sedol, UnaVista, Proquote and RNS. FTSE calculates thousands of unique indices that measure and benchmark markets and asset classes in more than 80 countries around the world.
London Stock Exchange Group is also a leading developer of high performance trading platforms and capital markets software. In addition to the Group’s own markets, over 40 other organisations and exchanges around the world use the Group’s MillenniumIT trading, surveillance and post trade technology.
Headquartered in London, United Kingdom with significant operations in Italy, France, North America and Sri Lanka, the Group employs approximately 2,800 people.
Further information on London Stock Exchange Group can be found at: www.lseg.com