Israeli Delegation Departs for the United States to Promote Defense Industry IPOs
A senior Israeli delegation is expected to depart for the United States soon. The primary goal of the visit is to promote the plan to list shares of Israel's defense industries on the stock exchange. This primarily concerns the companies "Israel Aerospace Industries" and "Rafael," which are among the largest and most important companies in the Israeli economy.
This move is part of a broad government plan to turn the defense companies into public companies. This means that part of the ownership of the companies will transfer to the public and private investors. According to reports, the bulk of the funds raised is intended for the purchase of approximately 48% of the companies' shares from existing investors and employees.
Among the investors expected to sell their stakes are venture capital funds and large financial entities, such as Pitango, Qumra, and General Atlantic. Company employees, who hold shares as part of their employment terms, will also be able to sell them and benefit from the profits. The move is expected to inject significant sums of money into the Israeli market.
The visit to the United States is considered critical, as the world's largest and most influential investors are located there. The delegation will attempt to convince American financial entities to invest in Israeli defense technology, which is considered a leader in its field. The success of this move could strengthen economic ties between Israel and the United States.
In conclusion, the IPO of the defense industries is an important economic and strategic step. If the delegation's mission succeeds, Israel's largest companies will gain broad international exposure. This is a significant moment for the local industry, which could impact the Israeli economy in the coming years.