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1 SOLOMON CAPITAL, 10, YIGAL YADIN ST. RAANANA ISRAEL. www.solomon-capital , [email protected]
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By: David Solomon, SOLOMON CAPITAL
For more information please contact: David Solomon, [email protected], 972-508695450
April 2013
2 SOLOMON CAPITAL, 10, YIGAL YADIN ST. RAANANA ISRAEL. www.solomon-capital , [email protected]
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Foreword Many Israeli based growth companies are looking for capital. If we take a closer look at the availability of capital sources to the
majority of high potential companies but not necessary “one billion dollar” companies, we will see that there are very few real options
for raising funds. The Tel Aviv stock exchange is not an option today, basically due to the fact that not even a single IPO took place
in the last two years. NASDAQ is looking just for companies generating a huge hype with market cap of $300 million and more. So
why not consider the London AIM [Alternative Investment Market] as a real option for an IPO [or flotation)?
YES, I know that the AIM is not the first choice for Israeli based companies, usually because of its relatively low liquidity. And Israeli
based companies are not the first choice of AIM investors [mainly as a result of very bad experience with many Israeli based
companies during 2001-2005]
All is true, but I believe that for the right company AIM can be the right solution. There are many most attractive Israeli based
companies that have the potential to raise money on the one hand and have the potential to generate a real value to their
shareholders on the other hand. The best candidates for going public on AIM meet one of the following profiles:
Profile A - Technology: Sales $10-25m, EBITDA >$2m, Market Cap, $20-100m, IPO $10-25m
Profile B – Service/Retail: Sales >100m, EBITDA >$5m, Market Cap, >50m, IPO $>$25m
So. I really believe that AIM might be the best (and only…) fundraising platform for many Israeli based companies.
David Solomon, CEO SOLOMON CAPITAL
10.4.2013
3 SOLOMON CAPITAL, 10, YIGAL YADIN ST. RAANANA ISRAEL. www.solomon-capital , [email protected]
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About SOLOMON CAPITAL SOLOMONCAPITAL is a leading Israeli based investment house, providing investment banking as well as corporate
finance services that include; Fundraising, M&A, Financial Restructuring and Strategic Business Consulting, to Israeli, and
International companies.
David Solomon, Group CEO
With over 20 years of experience, David Solomon, is one of Israel's leading experts in the field of Corporate
Finance. David, is the former Managing Partner of Cukierman & Co. Consulting Ltd, the founder and the
CEO of B-PLAN, 4HIGHTECH [Investment Bank], and Micromedic Technologies [Listed on the Tel Aviv
Stock Exchange]. Mr. Solomon has worked with high profile clients in the global market such as IBM,
Scitex, Bezeq, Bank Discount, Bank Hapoalim, Bank Leumi, Israel Airospace Industries [IAI], and
QUALCOMM, Dor Energy, RAPAK and others. Mr. Solomon lectures in courses in academic and other institutes. David is
the author of various books including: "From Seed to IPO", "Business Planning in the Post Bubble Era", and "Biomedical -
from Research to Market, The Business Challenge". He has successfully worked with dozens of emerging companies and
is accredited with over a hundred winning business plans
SOLOMON CAPITAL GO TO AIM SERVICES SOLOMON CAPITAL comprises specialists who provide a broad range of services to companies LIKE TO CONSIDER Going public on AIM, including:
GO TO MARKET PREPARATION: Preparations for becoming a public company [Setting up Strategy, Firm Valuation...]
SELECTING THE BEST TEAM: Selecting the right market & advisory team [Broker, Nomad, Legal, PR...]
NIGOTIATING THE BEST DEAL: Deal negotiations to provide the lowest IPO expenses and Minimum Fixed Expenses.
CRISIS MANAGEMENT : Dealing with crisis that might arise during the IPO process
4 SOLOMON CAPITAL, 10, YIGAL YADIN ST. RAANANA ISRAEL. www.solomon-capital , [email protected]
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5 SOLOMON CAPITAL, 10, YIGAL YADIN ST. RAANANA ISRAEL. www.solomon-capital , [email protected]
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6 SOLOMON CAPITAL, 10, YIGAL YADIN ST. RAANANA ISRAEL. www.solomon-capital , [email protected]
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7 SOLOMON CAPITAL, 10, YIGAL YADIN ST. RAANANA ISRAEL. www.solomon-capital , [email protected]
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8 SOLOMON CAPITAL, 10, YIGAL YADIN ST. RAANANA ISRAEL. www.solomon-capital , [email protected]
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The AIM AIM is the London Stock Exchange’s international market for smaller growing companies. A wide range of businesses including early
stage, venture capital backed as well as more established companies join AIM seeking access to growth capital.
Why AIM ….because you can…
For many Israeli based companies going public on AIM might be the optimal solution and some companies the only relevant solution
for fundraising. The AIM can offer you:
Funding - fundraising platform for small-mid cap companies
Reporting – less than Tal Aviv stock Exchange or NASDAQ.
Liquidity - A platform for trading and liquidity
Future dual listing - can be used as the best leverage for future dual listing on NASDAQ
Some Basic Facts
Admission Document (prospectus) is not reviewed by the LSE or the FSA
No minimum market capitalization
No trading record requirement
No minimum % of shares which must be in public hands
AIM company must have a Nomad at all times
AIM company must retain a broker at all times
Easy access for overseas companies
9 SOLOMON CAPITAL, 10, YIGAL YADIN ST. RAANANA ISRAEL. www.solomon-capital , [email protected]
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The 2012 Statistics AIM Comparing to TEL AVIV STOCK EXCHANGE [AS OF 31/12/2012]
Note: SOLOMON CAPITAL targets: Israeli
AND Israeli based Companies with Market
Cap of $25-100m
10 SOLOMON CAPITAL, 10, YIGAL YADIN ST. RAANANA ISRAEL. www.solomon-capital , [email protected]
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IPO’s during 2012
Note: During 2012 Not a single new company made its IPO on the Tel Aviv Stock Exchange!!!
11 SOLOMON CAPITAL, 10, YIGAL YADIN ST. RAANANA ISRAEL. www.solomon-capital , [email protected]
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Going public on AIM
For which Israeli based company can the AIM be the Right Market Place?
Note: SOLOMON CAPITAL is targeting both the technology and the service companies
12 SOLOMON CAPITAL, 10, YIGAL YADIN ST. RAANANA ISRAEL. www.solomon-capital , [email protected]
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The IPO Process and Roadmap
Note: the Time table is just for Illustration
13 SOLOMON CAPITAL, 10, YIGAL YADIN ST. RAANANA ISRAEL. www.solomon-capital , [email protected]
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For more information please contact: David Solomon, [email protected], 972-508695450