TEL AVIV -- The Tel Aviv Stock Exchange (TASE) announced that Mellanox Technologies, Ltd., which made an IPO on the NASDAQ last February, has dual listed on the Tel Aviv Stock Exchange.
Mellanox with US$ 650 million cap. is expected to enter the TA-100 and Tel-Tech 15 indices using the TASEs fast track system. This enables dual-listed companies to enter the leading stock exchange indices soon after theyve been dually listed.
Eyal Waldman, Mellanoxs CEO, stated: We believe that the listing of our companys stock on the TASE will expand the base of Mellanoxs stockholders. The dual listing will increase overall trading volume of the companys stock and enables Israeli investors, institutional and others, to invest conveniently and at low cost, in the companys stock.
Mellanox Technologies Ltd.
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