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Matomy Media Group IPO raises £41 million

Wednesday 9th July 2014

London Stock Exchange (LSE) this week welcomed Matomy, the second company to be admitted to the High Growth Segment. 
The Tel Aviv-based marketing firm 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 commented: "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 fast growing 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, added: "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." 

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