London is the leading European destination for Israeli technology companies looking to expand overseas the Mayor Boris Johnson will say as he urges more Israeli firms to locate in the capital at the beginning of a three-day trade mission to Israel.
Israel boasts one of the world’s leading tech sectors and, according to research compiled by London & Partners, the Mayor’s promotional company and IVC Research Center, London has become the number one city in Europe for Israeli tech businesses looking to list on the stock market, with companies drawn by the city’s easy access to capital and its strong entrepreneurial culture.
Technology companies make up over three quarters (76%) of all Israeli companies listed on the London Stock Exchange and over the last five years they have raised over £240 million through those listings. There are currently 16 Israeli tech firms listed across London Stock Exchange’s markets with a combined market value of £3.7 billion.
The Mayor will attend several events in Tel Aviv with an aim of increasing trade links with London, including visits to the Tel Aviv Stock Exchange and Google Campus. He will join Nikhil Rathi, the Chief Executive of the London Stock Exchange, to officially open the day’s trading at the Tel Aviv Stock Exchange this morning, alongside a delegation of UK tech businesses.
The Mayor of London, Boris Johnson MP, said:
“London is the natural tech partner for Israeli firms looking to expand. With access to a world class talent pool and a booming digital economy it is no surprise that Israeli tech companies are making London their home and choosing the London Stock Exchange as their international market for expansion. I’m here to encourage even more of Israel’s top tech talent to head to our shores.”