Infrastructure Firm Completes Major IPO, Valued at $900 Million
Translated & summarized from TheMarker by baba
Infrastructure company Y.D. Barzani completed its IPO on the Tel Aviv Stock Exchange, raising about 1 billion shekels and valuing the company at 3.25 billion shekels. Owners Dain Bar and Yossi Barzani will each hold shares worth approximately 1.14 billion shekels and expect a 200 million shekel dividend. The offering was the second-largest this year on the exchange.
The story in 5 lines · by baba
- Y.D. Barzani company IPO valued at 3.25 billion shekels on Tel Aviv Stock Exchange.
- The company raised approximately 1 billion shekels from institutional investors.
- Owners Dain Bar and Yossi Barzani will each hold shares worth 1.14 billion shekels.
- The brothers are expected to receive a joint dividend of 200 million shekels.
- This is the second-largest IPO on the Tel Aviv Stock Exchange this year.
Infrastructure company Y.D. Barzani has completed its initial public offering on the Tel Aviv Stock Exchange, marking the second-largest offering of the year. The company successfully raised approximately 1 billion shekels from institutional investors, issuing about 30% of its shares. The IPO valued the company at 2.25 billion shekels before the fundraising and 3.25 billion shekels after. The owners, brothers Dain Bar and Yossi Barzani, each holding 50% of the company, will hold shares worth approximately 1.14 billion shekels each. They are also expected to receive a joint dividend of around 200 million shekels. Active Underwriting, which led the offering, is anticipated to earn a commission of up to 20 million shekels.
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