US-Israeli co TripActions seeks IPO at $12b valuation

• Author: Assaf Gilead
• Published date: 29 September 2022
• Publication title: Globes (Rishon LeZion, Israel)

TripActions was founded in the US and most of its employees are American, but the company has a strong Israeli connection in that both founders are Israeli, as is its first investor, Oren Zeev, and it maintains a development center in Tel Aviv with several dozen employees

This is not the company's first attempt to go public. Bloomberg reported in the past that it was close to an IPO, and that last May it raised additional capital, in what was apparently meant to be a pre-IPO round, at a valuation of $9 billion.

TripActions has become a...