Underwriters selected to lead Israel Aerospace IPO
IAI will attempt to raise $1 billion at a $4 billion valuation, in one of the TASE s biggest-ever flotations.
There has been progress in the planned Israel Aerospace Industries Ltd. (IAI) (TASE: ARSP.B1) initial public offering (IPO) on the Tel Aviv Stock Exchange (TASE) with the selection of four underwriters to lead the flotation - Discount Capital, Poalim-IBI, Leader Capital Markets, and Barak Capital.
The IPO will be one of the biggest ever on the TASE with IAI expected to raise about $1 billion at a company valuation of $4 billion. As far as is known, the shares will only be offered to local investors with no foreign underwriters or foreign investors participating due to the Ministry of Defense s position on the matter.