BREAKING NEWS

Better Place CEO Agassi says planning IPO in two years

By GLOBES

JANUARY 26, 2012 16:49

Better Place CEO and founder Shai Agassi told Bloomberg this week that the electric vehicle recharging network developer is planning an IPO in the next two years. “We’re probably not going to go for another private round between now and the initial public offering," he added, saying "We have enough capital to go all the way until then.”

The significance of the comments is that Better Place will not require a capital injection from Israel Corporation, which has a 30 percent stake in the company.

Better Place this week is marking four years since its founding. To date, the company has raised $750 million and earlier this week Better Place finally delivered its first 100 electric cars, albeit to company employees.

Explosions heard in Damascus area - report

By JERUSALEM POST STAFF

05/02/2024 10:36 PM

US says Israel should prevent attacks on aid convoys, Hamas can't divert

By REUTERS

05/02/2024 09:01 PM

Health Ministry announces measles case in Haifa

By DR. ITAI GAL

05/02/2024 08:30 PM

Israel says Turkey's Erdogan is breaking agreements by blocking ports

By REUTERS

05/02/2024 06:49 PM