Next Vision Stock Plummets Amid Major Shareholder Sell-Off
Translated & summarized from Calcalist by baba
Next Vision's stock fell another 11.4% on Tuesday, adding to Monday's 12.7% drop, after investment fund Fidelity sold a significant stake. The company's stock has lost 50% of its value since March, closing Tuesday at 17.5 billion shekels. Market observers question the sale's execution and suggest founders could have intervened to stabilize the price. The founders and early funder have sold shares worth billions in recent years.
The story in 6 lines · by baba
- Next Vision's stock dropped 11.4% Tuesday, continuing a sharp decline after Fidelity's large share sale.
- The company's stock has lost 50% of its peak value since March, closing at 17.5 billion shekels.
- Fidelity sold its stake for 1.3 billion shekels after only 15 months, using Goldman Sachs for the transaction.
- Market insiders expressed doubt about the sale's execution and Fidelity's ability to find buyers.
- Founders and early funder have sold shares worth 1.6 billion shekels since the start of 2023.
- The stock's current price is about 30% lower than a sale price from June 2025.
The defense technology company Next Vision experienced a significant stock decline, dropping an additional 11.4% on Tuesday, following a 12.7% fall the previous day. The stock closed at a market value of 17.5 billion shekels, having lost 50% of its peak value since March. These drops occurred after Fidelity, a major investment fund, sold most of its stake in Next Vision for 1.3 billion shekels just two days prior, at a discount to the market price, after only 15 months of ownership.
Following a record trading volume of half a billion shekels on Monday, the stock saw another 266 million shekels in trading on Tuesday. Some in the financial market expressed doubt about whether Fidelity successfully found buyers for all the shares it intended to sell. No official announcement regarding the sale has been made on the Maya system, which is unusual for a fund that was a significant shareholder, holding 9.94% of the company's stock until recently. Fidelity hired investment bank Goldman Sachs to manage the sale.
"Investors don't really know what's going on. If Goldman Sachs is calling institutional investors and also activating local brokers for this, it means things aren't going well," commented a manager at a large institutional body. He added, "The founders of Next Vision knew how to sell shares for a lot of money in the last three years. If they had used just a portion of those proceeds to buy the stock now at a cheaper price, the bleeding would have stopped." So far, no purchases by the founders have been reported.
The company's founders, Michael Grossman, Chen Golan, and Boris Kipnis, along with Yosef Sansadler, who funded the company in its startup phase, have collectively sold shares worth 1.6 billion shekels since the beginning of 2023. In January 2025, the four sold 1.5% of the company's shares off-exchange to Harel for 425 million shekels. In June 2025, they sold additional shares valued at $200 million, at a price of 272 shekels per share. Currently, the stock is trading around 190 shekels, approximately 30% lower than the June sale price.
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