Deals
Israel Says Aerospace Industries Plans $800 Million IPO in 2017
- IAI seeks Tel Aviv listing; company worth about $3.2 billion
- Planned IPO would be largest new listing in Israel in 10 years
This article is for subscribers only.
Israel Aerospace Industries Ltd. is planning to raise as much as $800 million in an initial public offering next year, according to the head of the government authority that oversees the state-owned weapons manufacturer.
IAI, which co-developed the Iron Dome anti-missile system that blasts incoming rockets out of the sky, is seeking to sell between 20 percent and 25 percent of its shares on the Tel Aviv Stock Exchange, Ori Yogev said in an interview. The company is worth about $3.2 billion, he said.