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Dan smart transport investment unit files for TASE IPO
Dan Mobilitech has filed to raise NIS 36 million to invest in smart transport startups.
Dan Mobilitech R&D partnership for investments in the smart transportation industry has published a draft prospectus to raise NIS 36 million in an Initial Public Offering (IPO), on the Tel Aviv Stock Exchange (TASE).
The purpose of the partnership is to invest in startups in the fields of smart transportation and electric transportation.
Dan Group, led by CEO Ofir Karni, will serve as the strategic and financial anchor of the partnership. Dan possesses major experience and is highly proficient in operating public transport and is a leading player in smart transportation, and electric infrastructures for transportation in Israel.
Millennium Food-Tech raises another NIS 52m
The latest successful offering makes Millennium the largest R&D Partnership on the TASE.
Within a few months of becoming a publicly traded company, Millennium Food-Tech (TASE: MIFT) has raised NIS 52 million in offerings from the public, making it the largest R&D Partnership on the Tel Aviv Stock Exchange (TASE). In total, the Partnership has so far raised about NIS 94 million, which it plans investing in food-tech companies. Millennium s first portfolio company SavorEat (TASE: SVRT), held its initial public offering two weeks ago, and the share has since recorded returns of tens of percentage points. Institutional investors took part in the public offering and since then Psagot Gemel has become a party at interest in the company.