FBC represented Sunsuper Exchange Fund, Novo Holdings, Moelis Australia and Dalton, as the selling shareholders in the initial public offering of The Tel Aviv Stock Exchange Limited (“TASE”). All of the shares sold in the initial public offering, which represent 31.72% of the TASE’s issued and outstanding share capital, were purchased by the Selling Shareholders in August 2018 and until the completion of the offering, were held in trust by Mr. Moshe Terry, as trustee, who was also represented by FBC.
The initial public offering of the TASE involved an offering in Israel to the public and to certain qualified institutional investors and an offering outside of Israel, in the United States to qualified institutional buyers (QIBs) in reliance on Rule 144A and outside the United States to certain qualifying investors in reliance on Regulation S.
Jefferies acted as the Initial Purchaser in the international offering and as the Underwriter for the Israeli offering.
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