TASE - Tel Aviv Stock Exchange Ltd.

06/08/2021 | Press release | Archived content

Management of the Technology Company, Shamaym Improve, Opens Trading in Celebration of its IPO on TASE

Management of the Technology Company, Shamaym Improve, Opens Trading in Celebration of its IPO on TASE

Press Release

Tel Aviv, June 8, 2021 - Management of Shamaym Improve opened trading this morning in Celebration of its IPO on TASE.

Shamaym is one of the 54 new companies listed on TASE since the beginning of 2021, raising an aggregate of NIS 7.1 billion. Shamaym is also one of the 12 new companies that joined TASE's 'Software and Internet' Subsector, comprising 28 companies with a total market cap of NIS 75 billion.

Shamaym's AI-based workplace collaborative real-time learning platform helps teams capture lessons learned from each activity, improve their performance and quickly adapt to changing needs by turning day-to-day activities into learning opportunities. The company provides the services of its cloud-based platform to 30 customers in Israel and overseas, alongside consulting services.

The company was established in early 2015 as a consulting and training company by former Israeli Air Force (IAF) pilots, Ofir Paldi, currently the company CEO, and Amit Kochavi, currently the CEO of Shamaym Israel. Serving as President of the company is General Eliezer Shkedi (retired), former Commander of the IAF. Shamaym operates out of Israel, where its research and development are conducted, and also has operations in the United States. The company has been selected for a leading accelerator program and was awarded grants by the Innovation Authority and the Bird Foundation.

The company raised NIS 22 million in a book building IPO of units comprising shares and warrants.

At the end of trading on September 2, 2021, the shares of the company are expected to join TASE's TA-Growth, TA-Global BlueTech and TA-Technology indices, under the new companies' fast-track entrance.

​Ofir Paldi, Founder and CEO of the Company, said: 'We are proud of the successful IPO and are grateful to the leading institutional investors that took part in the IPO for their vote of confidence. Going public is an important and significant milestone in the life of the company and we are thrilled to have Israeli investors join us on our journey. The capital raised will be used towards accelerated growth, enhanced operations and broader research and development.'

Kobi Avramov, Research Unit Manager at TASE, said: 'In the past 18 months, dozens of new companies from all fields of technology have joined TASE, finding their natural venue for growth and development while allowing the Israeli public to partake in their success. We wish the management and employees of Shamaym in Israel and in the United States the best of success and look forward to seeing you soar above all expectations, for the benefit of the company and of the investors who have placed their faith in you.'

In the picture from right to left: Kobi Avramov, Research Unit Manager at TASE; Liran Halak, R&D Team Leader at Shamaym; Boaz Hermon, Director Customer Success at Shamaym; Shahar Cohen-Nov, Operations Manager at Shamaym; Amit Kochavi, Co-Founder and CEO of Shamaym Israel; Ofir Paldi, Founder and CEO of Shamaym; Dror Jacoby, Chief Product and Technology Officer at Shamaym; Yuval Zach, VP Customers Israel at Shamaym; Sivan Mor, Director of Product Marketing at Shamaym; and Hani Shitrit Bach, EVP and Head of Listings at TASE.

Photography credit: Sivan Farag, free of charge.

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