Gornitzky & Co. acted for PlanetArc Bio Ltd. in its IPO of shares and warrants on the Tel Aviv Stock Exchange, making them the first company to do so in 2021
Categories: Capital Markets
Gornitzky & Co. acted for PlanetArc Bio Ltd. in its IPO of shares and warrants on the Tel Aviv Stock Exchange, making them the first company to do so in 2021.
Demand for shares in PlanetArc Bio was very high during a public tender, leading to a post-IPO company value of NIS 60 million.
PlanetArc Bio is an R&D company that began in 2014 in the agro-tech industry. The company developed an exclusive and innovative technology allowing them to detect and isolate genes and biological components in plants.
Planetarc Bio was represented by partner Yair Shiloni and associates Itamar Ben Yehuda and Gil Palkowitz. Associates Lilach Shamir and Nir Moses provided additional tax support, with commercial advice also provided by associate Ofri Farkash.
