Israel advances defense IPOs
Categories: Capital Markets, Hi-Tech
Israel Aerospace Industries and Rafael Advanced Defense Systems could pursue major IPOs on the Tel Aviv Stock Exchange as Israel’s Defense Ministry signals support for floating minority stakes in the two state-owned defense giants.
The listings could involve up to 30% of each company and reflect valuations estimated at NIS 80–100 billion (USD 25–32 billion) for IAI, with Rafael also preparing for a potential offering.
The move comes amid record global demand for defense technology. Officials expect the process to take around a year due to national security and confidentiality requirements tied to the companies’ classified activities.
Read more in Calcalist Tech.
