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Israeli Laser Firm Sivan Technologies Aims for Over $250 Million IPO
Israeli laser maker Sivan Technologies is planning an IPO on the Tel Aviv Stock Exchange, seeking a valuation of over 1 billion shekels. The company's plans were previously delayed by a business dispute with Elbit, which was settled in June, increasing royalty payments to Sivan.
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What happened
- 01Sivan Technologies, an Israeli laser manufacturer, is preparing for an IPO on the Tel Aviv Stock Exchange.
- 02The company aims for a valuation exceeding 1 billion shekels, dependent on market conditions.
- 03A business dispute with Elbit, settled in June, had previously delayed the company's IPO plans.
- 04Controlling shareholders include founder Eyal Shakal, Ella Fund, and American investors.
- 05The IPO requires security approval from the Ministry of Defense regarding public disclosures.
The IPO's success depends on current market conditions, particularly in the defense sector, and requires security clearance from the Ministry of Defense.
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