This is why we aren't looking to be acquired," Chief Executive Micha Kaufman told Reuters. "Eventually a company like ours will go public." Fiverr declined to disclose the company's current valuation or name the would-be buyers that have approached it in the past couple of years. Israel's high tech industry is well established, using skills of workers trained in the military and intelligence sectors. Tax breaks and government funding have encouraged start-ups, and also drawn in entrepreneurs from abroad. But acquisitions of Israeli high-tech companies more than halved last year to $3.5 billion, according to PricewaterhouseCoopers. Stock market listings in the sector are also dwindling as investors increasingly prefer bigger tech companies. After eight initial public offerings valued at $3.4 billion in 2015, only two IPOs totalling $44 million took place in 2016 - one in London and the other in Tel Aviv. Instead, private investment is rising. In the first nine months of 2016 Israeli start-ups raised $4 billion, up 27 percent from a year earlier, according to the Israel Venture Capital Research Centre (IVC), which has forecast a record year in 2016.

http://sports.yahoo.com/news/flush-funds-israeli-tech-firms-delay-exits-143049168--sector.html

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