Photo Credit: Andrew McIntire / TPS
Tel Aviv Stock Exchange

The Tel Aviv Stock Exchange (TASE) made a secondary offering of 17,156,677 ordinary shares at an offering price of 20.60 Shekels ($5.6) per share.

According to the agreement between the TASE and certain of its shareholders that it publicly disclosed on December 14, 2023, the TASE will receive approximately 242 million Shekels ($66 million) of the net proceeds from this offering after deducting placing commissions and other offering expenses payable in connection with the offering.

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The TASE revealed that one of the people who purchased shares in the offering was the American billionaire investor Bill Ackman and his Israeli wife Neri Oxman who acquired roughly a 5% interest in the exchange.

“Notably, the transaction drew robust interest from investors across Israel, the United States, Europe, and Australia, reflecting a strong vote of confidence in both the Tel Aviv Stock Exchange and the Israeli economy at large,” said the TASE in a statement. “Among the prominent buyers were Neri Oxman and Bill Ackman who have agreed to purchase approximately a 4.9% equity stake in the TASE.”


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