Delek Properties Debuts on TASE at NIS 835M Valuation
Categories: Capital Markets
Delek Israel Properties (D.P.) Ltd., the real estate subsidiary of Israeli conglomerate Delek Group, completed its IPO on the Tel Aviv Stock Exchange, raising approximately NIS 173 million.
The IPO valued the company at roughly NIS 835 million, marking a key milestone in its strategic growth and capital markets journey.
Operating in Israel’s commercial and retail property sector, Delek Properties focuses on managing and developing real estate assets across the country. The company celebrated its debut by ringing the opening bell at the TASE, signaling its entry into the public market.
Shibolet advised Delek Properties throughout the offering. The legal team included Adi Zaltzman, Keren Elgrably-Goldman, Yonatan Cohen, Avi Jini, and Shai Ziv.
