Representation of XT Investments Ltd. as a selling shareholder in the NIS 281M initial public offering in Israel and international offering of Terminal X Online Limited. Terminal X is Israel’s leading online fashion retailer.
The initial public offering of Terminal X involved a public offering in Israel to certain qualified institutional investors and an offering outside of Israel by the initial purchasers by way of a private placement, 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. The shares sold in the offerings were sold by Terminal X, XT Investments Ltd. as a selling shareholder and an additional selling shareholder.
UBS AG London Branch acted as the initial purchaser in the international offering and as the underwriter for the Israeli public offering. Numis Securities Limited acted as placement agent for the international offering. Value Base Underwriting And Securities Distribution Ltd. acted as distributor for the Israeli offering.
XT Investments Ltd. is the venture arm of the XT Group, a global holding group, which operates in diverse industrial fields such as shipping, energy, chemicals, automotive and media.
The public offering involved 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 qualified investors in reliance on Regulation S.