• Kobi Tour Guide of Israel

Israeli Gaming Company Playtika is Having a $10 Billion IPO

As a tour guide of Israel who leads an Israel tech tour, I get great pride when startups that I have taken my clients to end up making it big. And it appears that one of them - the Israeli gaming company Playtika - is about to do just that. They are looking to float the company in NY in an IPO (initial public-offering) at a valuation of about $10 billion.


You may know Playtika as they are the the sponsor of the Maccabi Tel Aviv basketball team. Side note, star player Ama're Stoudemire is set to return for another season... https://www.eurohoops.net/en/euroleague/1116214/amare-stoudemire-reportedly-returning-to-maccabi-tel-aviv/


You may know that they were bought in 2016 for $4.4 billion dollars - one of Israel's biggest exits ever - by a consortium including Ali Baba founder Jack Ma. You may just know them from one of their mobile games (they have 30 million active monthly users).


For more on Playtika's big move, click here: https://en.globes.co.il/en/article-playtika-playing-a-10-billion-game-1001346229


Meanwhile, 6 companies in Israel surpassed a $2 billion valuation... during this crazy year. Last year the number of Israeli unicorns - companies with $1 billion valuations - doubled, which put us in 4th place in the world - and that's not per capita. Now some of these companies have become double unicorns, if that can even be a thing.... It's all part of the trend of scaling up as opposed to starting up (and exiting).

For more click here: https://en.globes.co.il/en/article-six-israeli-companies-surpass-2b-valuation-this-year-1001344965


For more on my tech tours of Israel, click here:

https://www.tourguideofisrael.com/hi-tech-tours


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