Tel Aviv Stock Exchange Completes Public Stage of Offering
The general public was offered stock worth $6.5 million with a cap of $8,500 per investor. Over 1,000 private investors participated in the public stage, through brokers and bank consultants
TASE will begin trading at a market capitalization of NIS 710 million (approximately $201.8 million) in August. The exchange will receive about NIS 35 million (approximately $9.4 million) from the sale, half of the additional profit above the original NIS 550 million (approximately $156 million) valuation made by the four funds that acquired recently sold stake in 2018—Australian superannuation fund Sunsuper, Santa Monica-based Dalton Investments LLC, New York-headquartered investment bank Moelis & Company, and Denmark-based Novo Nordisk Foundation.