Mellanox Joins TASE

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 they’ve been dually listed.

Eyal Waldman, Mellanox’s CEO, stated: “We believe that the listing of our company’s stock on the TASE will expand the base of Mellanox’s stockholders. The dual listing will increase overall trading volume of the company’s stock and enables Israeli investors, institutional and others, to invest conveniently and at low cost, in the company’s stock.”

Mellanox Technologies Ltd.