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Keystone CEO Confirms Fast-Tracked Egged IPO Within Next Year

How 2 Israeli newsrooms covered this story — translated into English and compared side by side.

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First reported by Calcalist · 4 hours ago

What happened

Keystone CEO Navot Bar announced plans for Egged’s IPO, expected within a year, alongside strong financial growth and strategic expansions. The company raised its 2030 equity target and highlighted significant value creation since acquiring Egged in 2022. The IPO is projected to value Egged at about 8 billion shekels, reflecting rapid progress beyond preliminary planning stages.

01Keystone raised its 2030 equity target from 4 to 6 billion shekels, with 31.2% return on equity last year.
02Egged’s IPO is advancing quickly and expected within the next year, per CEO Navot Bar.
03Egged’s valuation is projected at around 8 billion shekels for the upcoming IPO.
04Keystone has expanded assets including a data center campus and a 40% stake in HOT Mobile.
05Since acquiring Egged in 2022, Keystone has distributed over 1 billion shekels in dividends.
06Globes launched a new service transcribing Tel Aviv Stock Exchange company earnings calls for transparency.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

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Navot Bar