Israeli company launches offering

NEW YORK, March 11 (JTA) — Israel’s Silicon Valley is making waves on Wall Street. An Israeli software company plans to launch in the coming weeks what would be the largest initial public offering for an Israeli firm in the United States, according to the Israeli daily Ha’aretz. Amdocs, which develops telecommunications software, including programs used in telephone billing systems, plans to sell 10 percent of its shares for an estimated $300 million to $400 million. More than 100 Israeli companies are traded on the U.S. stock market — most of these are high-tech firms. Israel has more representatives on Wall Street than any other foreign country except for Canada.