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Latest Updates / IPOs and Public Offerings
March 27, 2025
Yozmot - Real Estate Development: Successful bond issuance completed!
Yozmot - Real Estate Development, an entrepreneurial contracting company specializing in urban renewal, has successfully completed its inaugural bond issuance and is now listed on the Tel Aviv Stock Exchange, raising approximately NIS 50 million.
The offering was supported by Advs. Elad Reshtick and Noam Bukchin from our firm's Capital Markets Department.
February 20, 2025
Another success: The 'Mediterranean Towers Ltd' Group completed the issuance of a new series of bonds
Adv. Omri Oren, Partner in the Finance and Public Corporations Department at our firm, along with Advs. Raz Landau and Batel Torangi, advised "Mediterranean Towers Ltd" Group in the issuance of a new series of bonds amounting to approximately NIS 200 million. The company received strong demand during the institutional offering phase, with demand reaching approximately NIS 684 million.
February 5, 2025
Bonds First, Stocks Later - Interview with Hagit Ross
Since the beginning of 2024, out of eight companies that conducted an initial public offering (IPO) on the Tel Aviv Stock Exchange, six had previously raised debt through bonds. Hagit Ross, a partner and head of the public companies practice at the firm, was interviewed by TheMarker on this matter.
January 20, 2025
Rights of ADS Holders in Israeli Companies Traded on Nasdaq
As part of proceedings brought by activist shareholders of Nano Dimension, the District Court ruled that ADS (American Depository Share) holders should be treated as shareholders of the company. The significance of this ruling in Israel: boards of directors will be precluded from relying on ADSs to try and block activist shareholders’ campaigns.
January 12, 2025
Major Increase in Real Estate Transactions in 2024
Elad Reshtick was interviewed in Globes, following a surge in acquisitions in the urban renewal sector. As a capital markets expert, Elad discussed whether this trend could influence the IPO market.
December 19, 2024
Defense IPOs in the Capital Market: An Op-Ed in N12
In the Israeli capital market, which is accustomed to trends like urban renewal and cannabis, a new sector has emerged over the past year: defense companies. Since October 7, the market has experienced volatility but is now stabilizing, revealing new opportunities. Today, 15 active defense companies are traded on the Tel Aviv Stock Exchange, and this growth is no coincidence. Elad Reshtick and Raz Landau, capital market experts, published an op-ed in N12, exploring this emerging trend, its challenges, and its opportunities.
December 8, 2024
A Wave of Real Estate Companies IPOs?
Elad Rashtik, Partner in our Finance and Public Companies Department, was interviewed by Globes following the forecast that we are on the brink of a new wave of IPOs by real estate companies, initially focusing primarily on bond offerings.
February 29, 2024
Israel Securities Authority: Diversifying SMEs’ Financing Channels
Small and medium-sized corporations are a central part of the Israeli economy’s growth engine and are considered major contributors to employment growth. The Israel Securities Authority is seeking to assist these businesses in diversifying their funding sources.
January 3, 2024
Barnea: Representing Pomvom in Merger with Israel Acquisitions Corp
Israel Acquisitions Corp, initially founded as a SPAC, and Pomvom Ltd., a technology firm specializing in amusement park content, have formally announced a binding merger agreement. The combined entity is set to be traded on Nasdaq. Hagit Ross, Alon Anava, and Ronit Lerer represented Pomvom Ltd.
August 6, 2023
Stock Market Skeletons: How to Properly Execute a Merger
Hagit Ross, a partner in our firm’s Capital Markets Department, was interviewed by TheMarker on the phenomenon of companies going public via mergers with stock market skeletons.
March 29, 2022
Complete Guide to the TASE IPO Process
The Israel Securities Authority guides provides basic guidelines to corporations going public and answers critical initial questions.
July 8, 2021
Israel Securities Authority: Guidelines for Discussions with Investors Prior to Publication of a Prospectus
A wave of IPOs continues to flood the market, prompting the Israel Securities Authority to publish a new staff position paper discussing three key topics.
June 14, 2021
IPO Wave Continues to Flourish – How Should Companies Prepare for an IPO?
The growing wave of IPOs on the Tel Aviv Stock Exchange is pushing an overwhelming number of private companies to consider going public.
Zvi Gabbay, head of the firm's Capital Markets Department and a former head of enforcement at the Israel Securities Authorities, was interviewed by the TheMarker for an article on the trend. Zvi explained how companies considering an IPO must behave vis-a-vis the public and the regulatory authorities in order to succeed.
June 3, 2021
Rules and Conditions for SPAC Issuances in Israel
Over the past year, raising capital through SPACs has become a hot trend on Wall Street. The Israel Securities Authority recently published the conditions and principles for SPACs to launch IPOs.
August 11, 2020
Israel Securities Authority: Distributors May Be Liable for the Contents of a Prospectus
The Israeli Securities Authority has announced that distribution entities now may be liable for the contents of a prospectus. In a staff position paper published in late July, the ISA changed the rules of the game in the underwriting field by determining that a distributor, or an entity associated with a distributor, that purchases securities during an issuance and sells them within a short period of time (six months or less) shall be viewed by the ISA as an underwriter and shall be liable for the prospectus.
December 25, 2019
Micky Barnea Op-Ed: TASE IPO – The Light at the End of the Tunnel?
Globes published an op-ed by Micky Barnea on the Tel Aviv Stock Exchange's latest move to attract new investors with a public offering of its shares. According to Micky, "This listing could be a turning point in anticipation of a long-awaited change, bringing a revival of the stock exchange and the domestic capital market."
September 9, 2019
Israel Securities Authority Working to Launch Securitization Market in Israel
The Israel Securities Authority (ISA) recently published an advisory document for public comment ahead of the publication of a legal memorandum for the regulation of the securitization field in Israel.
May 6, 2019
Redomiciling an Israeli Public Company to Delaware
On April 12, 2019, Arcturus Therapeutics Ltd., an Israeli public company traded on NASDAQ, published in the United States a prospectus and proxy statement (convening a general meeting of shareholders of the company). Publishing the prospectus is an advanced step toward completing an arrangement between the company and its shareholders.
April 28, 2019
TASE Promotes a Proposal for the Entry of Nostro Players as TASE Members
On April 7, 2019, the Tel Aviv Stock Exchange (TASE) published a proposed amendment to the Stock Exchange Regulations, whereby the barriers to the entry of new TASE members will be removed and for the first time Israeli entities will be allowed entry into the stock exchange even if they operate exclusively for nostro.
January 2, 2019
Year in Review – Capital Markets
Israeli Securities Authority Classifies Cryptographic Coins as Commodities Rather Than Securities. On March 19, 2018, the interim report of the Committee for Examination and Regulation of Cryptographic Currencies, which was established in August 2017, was submitted. The interim report examines the applicability of the Securities Law to offerings to the public in Israel based on decentralized registration.