The offering closed at the maximum price, giving the company a value of NIS 1.35 billion.
Clal Finance has announced that it raised NIS 557 million in its IPO on the Tel Aviv Stock Exchange today. The offering closed at the maximum price of NIS 222.7 per unit consisting of ten shares and bonds with a nominal value of NIS 100. The result of the offering reflects a value of NIS 1.35 billion for the company.
Gross proceeds of the offering amount to NIS 556,750, the company reports.
Shares in Clal Finance will be listed for trading from March 8.
Published by Globes [online], Israel business news - www.globes.co.il - on March 6, 2007
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