The Tel Aviv Stock Exchange has completed the distribution of its shares, totaling NIS 350 million, to a number of institutional and accredited investors in Israel, as well as in the US, Europe and Australia

On January 24, 2023, our client, the Tel Aviv Stock Exchange, completed a process of distributing its shares, totaling NIS 350 million, to a number of institutional and accredited investors in Israel as well as in the US, Europe and Australia. Of this amount, NIS 242 million will be transferred to TASE and will be used to invest in its technological infrastructure.
Among the new investors on TASE are US hedge fund manager Bill Ackman and his partner, Prof. Neri Oxman, who works in art and architecture, who made their investment privately. The completion of this process during this challenging period constitutes an impressive expression of confidence in the Israeli economy, in general, and in TASE, which is its main home, in particular, and is another layer in the process of changing the ownership structure of TASE, which was accompanied by our firm, and turning it into a public company.
Due to the global reach of the process and its complexity, it was accompanied by the partners of our Capital Markets and Corporations Department, Adv. Ofer Yankovich and Gil Cherchi, in cooperation with leading law firms in Israel and abroad.

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