Israeli Investment Firm Pasternak Shehem Plans Tel Aviv Stock Exchange IPO Valued at 300 Million Shekels
How 2 Israeli newsrooms covered this story — translated into English and compared side by side.
First reported by Globes · 2 hours ago
What happened
Pasternak Shehem, a major Israeli mutual fund manager, plans to list on the Tel Aviv Stock Exchange aiming to raise 60 million shekels at a 300 million shekel valuation. The company reported a near tripling of profits in 2025, driven by asset growth and market rallies, but faced redemptions in early 2026. The IPO comes amid regulatory scrutiny of its hosting model and a booming mutual fund industry in Israel.
- 01Pasternak Shehem seeks 60 million shekels in IPO at 300 million shekel valuation on Tel Aviv Stock Exchange.
- 02The firm’s net profit nearly tripled to 27 million shekels in 2025, driven by asset growth and market rally.
- 03Managed assets total about 7.5-8 billion shekels, combining mutual funds and portfolios.
- 04The company uses a hosting model with Ayalon Mutual Funds managing operations, under regulatory review.
- 05Founders received 2.5% equity in restricted stock units and have drawn increasing dividends.
- 06IPO timing aligns with a record growth year for Israel’s mutual fund industry.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 2 outlets
The same event, reported separately by each newsroom. Open a few to compare what each emphasizes — and what they leave out.
