Tel Aviv Stock Exchange to raise $65 million in secondary offering By Investing.com

TEL AVIV – The Tel Aviv Stock Exchange (TASE) has announced a secondary share offering priced at NIS 20.60 each, aiming to raise approximately NIS 242 million ($65 million). The capital raised is earmarked for technological infrastructure enhancements, highlighting the exchange’s commitment to modernization and growth.

This financial move has garnered international attention, drawing investors from across the globe, including Israel, the United States, Europe, and Australia. High-profile investors Bill Ackman and Dan Oxman are set to acquire a 4.9 percent equity stake in TASE.

The share offering is expected to conclude on Thursday, January 25, 2024, representing a noteworthy financial milestone.

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