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

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<p>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.</p>
<p>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.</p>
<p>The share offering is expected to conclude on Thursday, January 25, 2024, representing a noteworthy financial milestone.</p>
<p><em>This article was generated with the support of AI and reviewed by an editor. For more information see our T&amp;C.</em></p>
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<br /><a href="https://www.investing.com/news/stock-market-news/tel-aviv-stock-exchange-to-raise-65-million-in-secondary-offering-93CH-3281359">Source link </a></p><p>The post <a href="https://forextraderhub.com/tel-aviv-stock-exchange-to-raise-65-million-in-secondary-offering-by-investing-com.html">Tel Aviv Stock Exchange to raise $65 million in secondary offering By Investing.com</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>