Next Vision executives to sell $200 million in shares as drone market surges

Next Vision is set for a large secondary share sale in which company executives will sell holdings worth about $200 million, Calcalist reported. The deal, expected to close overnight, is being led by Jefferies, and because it is entirely a secondary offering, none of the proceeds will go to the company.

Most of the buyers are foreign investors seeking exposure to the company, which makes stabilized cameras for ground and airborne platforms such as drones and UAVs. About 70% of the investors in the transaction are expected to be global institutional funds, with the rest coming from Israeli institutional investors. The shares are being sold at a slight discount to Thursday’s closing price, after Next Vision fell 4% in Tel Aviv trading.

Next Vision went public on the Tel Aviv Stock Exchange in 2021 at a valuation of 400 million shekels and has since surged to a market value of 27 billion shekels. The company has already used its stock rally to raise $400 million in September 2025. Despite the sale, insiders still hold a relatively high 29% stake in the company.

Among the major holders from management are chairman Chen Golan, chief technology officer Boris Kipnis, and directors Nachman Ben-Shaya and Yosef Sandler. Next Vision says demand has been boosted by wars in Ukraine since February 2022 and in Israel since October 7, 2023, along with the ongoing confrontation with Iran, which have increased military spending on unmanned systems and battlefield drone technology.