Management of QuickLizard opened trading this morning in celebration of its IPO on TASE.

QuickLizard is one of the 21 new companies that listed on TASE since the beginning of 2021, raising in excess of NIS 2 billion in aggregate.

The company will be included in TASE's Technology Sector, which currently comprises shares of 98 companies with a total market cap of NIS 212 billion.

QuickLizard develops and sells an AI-based SaaS cloud platform for dynamic, real time pricing. Using an AI-engine, QuickLizard's Platform analyzes data from multiple sources for the real time pricing of products, allowing the store or the shopping website to optimize its profit and revenue and fully realize its business potential. Drawing on consumer behavior, supply and demand and market trends data, the software platform automatically updates product prices in real time.

The company currently has customers in more than 20 countries, comprising mainly B2C companies that offer products and services online and in physical stores, in fields such as electronics, food, DIY, fashion, books, sporting goods, pharma, drugstores and aviation. QuickLizard's platform is fully customizable for all retail sectors.

The company raised NIS 45 million in an IPO of shares, based on a company value of NIS 110 million. The shares were offered to the institutional investors in a book building IPO and to the public in a Dutch auction.

At the end of trading on May 6, 2021, the shares of the company are expected to join TASE's TA-Growth, TA Tech-Elite, TAGlobal-BlueTech and TA-Technology indices, under the new companies' fast-track entrance.

Pini Mandel, CEO of QuickLizard, said: “The listing of the shares on TASE is a steppingstone to the realization of QuickLizard's vision. We are delighted to be part of Israel's leading trading arena and are committed to creating value for our investors and customers and providing medium and large businesses with tools for more educated business decisions and an improved bottom line."

Drorit Vilnai, Listings Unit Manager at TASE, said: “We are glad to see a growing number of technology companies, such as QuickLizard, opt for TASE as their platform of choice for IPO and growth. TASE, the growth engine of the Israeli economy, exposes the public to Israeli high-tech companies and allows it to benefit from their success. We wish the company success and growth, to the benefit of the investors that have expressed their confidence in the company."

In the picture from right to left: Drorit Vilnai, Listings Unit Manager; Tal Weber, CRO QuickLizard; Pini Mandel, CEO & Co Founder QuickLizard; Yossi Cohen CTO & Co Founder QuickLizard; Liat Niederman VP Marketing QuickLizard and Or Shtokelman CFO QuickLizard.

Photography credit: The Tel-Aviv Stock Exchange, free of charge.