Huliyot Industries Aims for Stock Exchange Listing
Translated & summarized from TheMarker by baba
Huliyot Industries is attempting a new public offering on the stock exchange four years after a previous attempt failed. The company, with annual revenues of about NIS 800 million, has filed a confidential prospectus. The Tene Investment Fund and Kibbutz Shde Nehemia are behind the renewed IPO effort. The company is currently owned by Tene, the kibbutz, and its employees.
The story in 4 lines · by baba
- Huliyot Industries is attempting a new public offering after a previous one failed four years ago.
- The piping manufacturer has annual revenues of approximately NIS 800 million.
- Tene Investment Fund and Kibbutz Shde Nehemia are leading the renewed IPO effort.
- The company is currently owned by Tene (47.5%), Kibbutz Shde Nehemia (47.5%), and employees (5%).
Four years after a previous IPO attempt was canceled due to a lack of institutional investor interest, Huliyot Industries is once again seeking to go public. The piping manufacturer, which reports annual revenues of approximately NIS 800 million, has submitted a confidential prospectus. The private equity fund Tene, led by Ariel Halperin, and Kibbutz Shde Nehemia are spearheading this renewed effort. Currently, Tene holds 47.5% of Huliyot, the kibbutz holds 47.5%, and employees own about 5%.