Quicklizard raised NIS 15 million at a premium of 10.5% on the market price

Yellin Lapidot Investment House bought shares for NIS 12 million and Moore bought shares for NIS 3 million. Following the allotment, Yellin will become a stakeholder with a holding of 9.77%. Moore Investment House, which already had an interest in the company, will increase its holding to 15.15%. The two will join another institution, Meitav Dash, which holds almost 14% of the shares.

Quicklizard, led by Pini Mendel, Came to the capital market on the corona waves. The company is developing a SaaS platform for flexible pricing in cloud technology with a focus on online sales. The company’s system analyzes information from a variety of sources and helps the manufacturer to price the products more accurately.

Quicklizard raised NIS 45.5 million last February by issuing shares, at a value of NIS 110 million, and at the same time issued about one million convertible warrants at a price of NIS 66.9. Following the IPO, the stock soared more than 50% within a quarter but in the last quarter of 2021 began to decline. In the last six months, the company has lost 29% of the market value and it was traded yesterday at a value of NIS 122 million.

This is a rather surprising acquisition of two of the major institutional institutions in Israel, since the small technology companies showed a shortfall in the last month of the year in the US. For example, the small stock index On the NASDAQ (Mini NASDAQ), fell by 2.5% in December. This is in recognition that the reduction of credit in the US capital market by the central bank will hurt technology companies that rely on high credit in view of their position as loss-making companies.