Barzani Infrastructure Company Plans Major IPO on Tel Aviv Stock Exchange
Translated & summarized from TheMarker by baba
Infrastructure company Y.D. Barzani is planning an IPO on the Tel Aviv Stock Exchange, seeking a valuation of up to NIS 3 billion. The company received approval from the Israel Securities Authority to publish a draft prospectus. This offering is anticipated to be the second-largest of the year on the exchange.
The story in 5 lines · by baba
- Y.D. Barzani plans an IPO on the Tel Aviv Stock Exchange with a valuation up to NIS 3 billion.
- The company received approval from the Israel Securities Authority to publish a draft prospectus.
- The IPO is expected to be the second-largest on the exchange this year.
- The company is owned equally by brothers Dain Bar and Yossi Barzani.
- Active Underwriting, owned by Omri Levy, is leading the offering.
Infrastructure firm Y.D. Barzani is preparing for its initial public offering (IPO) on the Tel Aviv Stock Exchange, aiming for a valuation of up to NIS 3 billion. The company is capitalizing on increased demand following the recent conflict. This offering is expected to be the second-largest this year on the exchange.
The company, equally owned by brothers Dain Bar and Yossi Barzani, took a significant step towards the IPO by receiving approval from the Israel Securities Authority to publish a public draft prospectus. The offering is being led by Active Underwriting, owned by Omri Levy.
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