The Tel Aviv Stock Exchange (TASE) has completed its NIS 225 million IPO, 66 years after its establishment in 1953. Jefferies LLC acted as the Lead Underwriter and Global Coordinator partnering with TASE to successfully execute the transaction and help open the Israeli capital markets to global investors. The offering was met with strong demand from institutional investors from the United States, the European Union, Asia pacific and Israel, pricing above the midpoint of the offering range at NIS 7.1 per share.
Latham & Watkins advised Jeffries LLC on the transaction, with a deal team led by Tel Aviv based partner Joshua Kiernan and associate Gilad Zohari, New York partner Marc Jaffe, and London associates Taylor Mullings and Shaun Musuka. Partners Nir Dash and Ron Ben-Menachem of Herzog, Fox & Neeman advised Jefferies on matters related to Israeli law.