Israel weighs U.S. IPOs for defense giants IAI and Rafael

Corporate Action
โดย Seeking Alpha·Read original
Summary · why it matters

Israel is exploring whether state-owned defense contractors Israel Aerospace Industries and Rafael Advanced Defense Systems could pursue stock market listings in the United States as part of a broader privatization effort. Government officials and company executives are expected to travel to the U.S. in July to meet with investors, bankers, legal advisers and regulators, with discussions focusing in part on how American securities rules apply to companies involved in classified defense programs. Israeli authorities are considering selling stakes of up to 30% in each company, with previous estimates valuing IAI at roughly 100 billion shekels and Rafael at about 60 billion shekels. Officials are evaluating both primary U.S. listings and dual-listing structures that would allow shares to trade in New York while maintaining a presence on the Tel Aviv Stock Exchange. The government has not yet finalized decisions regarding the size, timing or location of any share sale, and the Companies Authority, which is overseeing the process, did not comment on the plans.

Impact on stocks 1

Defense & Geopolitical Fragmentation · 1 stocks

Theme Impact 1

Off-coverage companies 2

Israel Aerospace IndustriesPrivate▲ Positive
Capitalrelevance

Potential U.S. IPO and privatization could unlock value and provide access to deeper capital markets.

Rafael Advanced Defense Systems Ltd.Private▲ Positive
Capitalrelevance

Potential U.S. IPO and privatization could unlock value and provide access to deeper capital markets.

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