Full coverage· Economy· Updated
Barazani Brothers' Firm Goes Public, Raises $270 Million Amid Market Downturn
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.
2 newsrooms · 1 language · since
Plus
What happened
- 01Y.D. Barazani raised NIS 1 billion in its IPO, valuing the company at NIS 8.2 billion.
- 02The infrastructure firm's IPO was oversubscribed by institutional investors, indicating strong demand.
- 03Owners Yossi Barazani and Dain Bar will see their annual salaries increase to NIS 4.1 million.
- 04The company expects revenues to surpass NIS 1 billion in 2026 with a net profit of NIS 113 million.
- 05Funds from the IPO will be used for strategic expansion and acquisitions of synergistic businesses.
The funds will support strategic expansion, and owners Yossi Barazani and Dain Bar will see their salaries increase significantly.
The coverage
2 newsrooms on this story
Who covered it
- LeftNone
- CentreNone
- RightNone
- HarediNone
- ArabNone
- Other2
How it broke
See which of the 2 newsrooms broke it, and who waited
