TLDR:
- Glassbox, a software company, is being taken private by Alicorn VC for $150 million.
- The purchase price is approximately NIS 550 million.
The software company Glassbox, which went public on the Tel Aviv Stock Exchange at a $500 million valuation three years ago, is set to be delisted after being sold to private company Alicorn Galaxy. The deal, valued at $150 million, will see all Glassbox shares held by investors transferred to Alicorn. This marks an 18% increase in value compared to Glassbox’s current market value on the Tel Aviv Stock Exchange. Glassbox provides SaaS solutions for analyzing browsing data to optimize user experience and increase sales. The merger is being conducted at a valuation that is more than 50% lower than its initial public offering value. The execution of the merger and delisting of Glassbox still requires approval from the company’s shareholders and authorities.
