Ackerstein Group Ltd. IPOs on the TASE, valued at NIS 1 Billion
Gross Law Firm acted for Ackerstein Group Ltd. on its successful IPO on the Tel Aviv Stock Exchange, valued at NIS 1 billion, making it one of the largest IPOs on TASE this year.
Ackerstein is a leading company in its field engaged in producing, developing, and supplying concrete products for environmental development, construction, and infrastructure.
As part of the offering, the controlling shareholders and the company will sell shares in the amount of NIS 300 million.
Partners Aya Yoffe and Yuval Eden, along with Rotem Shabat, represented the company and the controlling shareholders in the successful IPO.
This IPO follows hot on the heels of the IPO of Gamla Harel Residential Real Estate Ltd., for a total of approximately NIS 120 million, with the Gross team on that transaction including David Hodak, Ben Lipetz and Ruth Metaferya.
