Gama Management & Clearing Ltd. (Gama) has successfully listed on the Tel Aviv Stock Exchange.

Shibolet & Co. represented Gama in the successful IPO, which included a sale offer by its shareholders, and listing on the Tel Aviv Stock Exchange. The Company raised NIS 50 million, and the previous shareholders sold their shares for approximately NIS 150 million, at a company valuation of NIS 700 million.

Gama is one of Israel’s largest and leading financial services companies, providing credit card clearing services to thousands of businesses in Israel.  

Following the IPO, Shibolet & Co. continued talks with the Israel Securities Authority and the Bank of Israel, seeking to receive legal clearance to register for trading on the Tel Aviv Stock Exchange, Gama’s previously issued bonds.