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TEL AVIV - Xylo Technologies Ltd. (NASDAQ:XYLO), an Israel-based company focused on innovative technology partnerships, announced today that Viewbix Inc. (NASDAQ:VBIX), a developer of advertising technology with a market capitalization of $46.34 million, has been approved for listing on the Nasdaq Capital Market. Viewbix, which benefits from Xylo’s indirect investment through its significant stake in Gix Internet Ltd., is slated to start trading on Nasdaq under the ticker "VBIX" today, contingent on adherence to Nasdaq’s exchange rules. The company’s stock has shown remarkable momentum, delivering a 3,696% return over the past year.
According to InvestingPro analysis, Viewbix currently appears overvalued based on its Fair Value metrics.
Xylo, holding a 45.74% ownership in Gix Internet—which in turn owns 42.58% of Viewbix through 2,818,585 common shares—expressed confidence in Viewbix’s growth trajectory as it gains access to one of the world’s preeminent capital markets. "We are thrilled to see Viewbix achieve this significant milestone with its uplisting to Nasdaq," said Liron Carmel, CEO of Xylo.
Viewbix operates through its subsidiaries, Gix Media Ltd. and Cortex Media Group Ltd., focusing on search and digital content. Its search segment develops software for automating, optimizing, and monetizing online advertising campaigns, while its digital content division creates and edits content for revenue generation on major advertising platforms like Google and Facebook. The company’s tools aim to enhance profitability for advertisers and website owners. Recent financial data shows annual revenue of $19.67 million, though the company has experienced a significant revenue decline of 71.39% in the last twelve months. InvestingPro rates the company’s overall financial health as FAIR, with particularly strong momentum scores.
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Xylo Technologies has a diverse portfolio including ventures in advanced medical solutions, digital commerce, and electric vehicles. Its medical solutions interests include Polyrizon Ltd., while its digital commerce presence extends to Gix Internet and Eventer Technologies Ltd. In the electric vehicle sector, Xylo is affiliated with Charging Robotics, Inc., and Revoltz Ltd., among others.
The press release also contains forward-looking statements, cautioning that actual results could vary from expectations, and that there is no guarantee of the impact of Viewbix’s Nasdaq listing.
The information provided is based on a press release statement from Xylo Technologies Ltd.
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