Barazani Brothers' Firm Goes Public, Raises $270 Million Amid Market Downturn
Translated & summarized from Ice by baba
Y.D. Barazani, an Israeli infrastructure firm, completed its IPO on the stock exchange, raising NIS 1 billion and achieving a valuation of NIS 8.2 billion. The offering was oversubscribed by institutional investors, and the company will join the TA-90 index. The funds will support strategic expansion, and owners Yossi Barazani and Dain Bar will see their salaries increase significantly.
The story in 5 lines · by baba
- Y.D. Barazani raised NIS 1 billion in its IPO, valuing the company at NIS 8.2 billion.
- The infrastructure firm's IPO was oversubscribed by institutional investors, indicating strong demand.
- Owners Yossi Barazani and Dain Bar will see their annual salaries increase to NIS 4.1 million.
- The company expects revenues to surpass NIS 1 billion in 2026 with a net profit of NIS 113 million.
- Funds from the IPO will be used for strategic expansion and acquisitions of synergistic businesses.
The real estate and infrastructure company Y.D. Barazani has successfully completed its initial public offering (IPO) on the stock exchange, raising NIS 1 billion (approximately $270 million) and securing a valuation of NIS 8.2 billion (approximately $2.2 billion) before capital. The company, known for its work on tenders from the Israel Land Authority (ILA) and construction projects across the country, will be included in the TA-90 index. Despite the challenging real estate market, the IPO saw oversubscription, with institutional investors showing demand for NIS 300 million. The funds raised are intended to fuel the company's strategic expansion, including acquisitions of synergistic businesses like quarries and concrete plants, as well as complementary companies. Y.D. Barazani, founded 25 years ago, is a major player in Israel's infrastructure sector, specializing in national and urban projects such as transportation infrastructure, road construction, bridges, interchanges, and residential neighborhoods. The company anticipates revenues exceeding NIS 1 billion in 2026, with a net profit of approximately NIS 113 million. Its current backlog of projects stands at around NIS 2 billion. The owners, brothers Yossi Barazani and Dain Bar, are set to see a significant increase in their salaries, rising from NIS 2.5 million for a 50% position to NIS 4.1 million for a 70% position after the company became public. Additionally, a dividend of approximately NIS 350 million is expected to be distributed to shareholders, pending necessary approvals.
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