Israeli Tech Company Mulls $1.5 Billion Nasdaq IPO

Published October 29th, 2019 - 12:13 GMT
The company raised $165 million in a funding round last year, claiming a valuation at the time of over $1 billion.
The company raised $165 million in a funding round last year, claiming a valuation at the time of over $1 billion. (Shutterstock)
The Netanya-based software provider JFrog is reportedly considering a $1.5 billion Nasdaq IPO next year.

{"preview_thumbnail":"https://cdn.flowplayer.com/6684a05f-6468-4ecd-87d5-a748773282a3/i/v-i-c…","video_id":"cfa14622-73ab-415f-913f-905eb942a0b9","player_id":"8ca46225-42a2-4245-9c20-7850ae937431","provider":"flowplayer","video":"Top 10 Cities to Travel to in 2020"}

Company representatives have met with investment bankers in New York to discuss the move, according to Hebrew media reports.

JFrog streamlines the way companies manage and roll out software updates. Its tools allow for firms to update their software continuously and without interfering with users. The company says it has over 5,000 customers and its software is used by over three million developers.

Some of the world’s leading companies use JFrog programs to update their software, including Google, Amazon, Facebook, Adobe, Netflix, Microsoft, Dell, Volvo, Toyota, Sony, Visa, and American Express.

The company raised $165 million in a funding round last year, claiming a valuation at the time of over $1 billion.

The company has declined to comment on the reports.


© 2021 The Times of Israel. All rights reserved.

You may also like