After a dismal 2012, is the IPO market poised for a comeback?
Some underwriters say signs are good, but others argue that the Tel Aviv Stock Exchange is still undervaluing companies.
Last year was another tough one for Israeli underwriters: The stock market didn't feature even one initial public offering the entire year. Capital raised in follow-on bond and stock issues plunged 28% and 35%, respectively, and was mainly restricted to large companies with high credit ratings.
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