This morning (June 8, 2026), members of the Board of Directors and senior management of the real estate group Tidhar opened trading on the Tel Aviv Stock Exchange (TASE), marking the company’s listing and the commencement of trading in its shares.
Tidhar Group has successfully completed its initial public offering (IPO), and today its shares began trading on the Tel Aviv Stock Exchange. This is the largest IPO in recent years, both in terms of capital raised and company valuation.
As part of the offering, which was conducted as a non-uniform offering, the company raised approximately NIS 1.7 billion, including NIS 228 million through an offer for sale, in exchange for approximately 19% of its shares. This reflects a pre-money valuation of approximately NIS 6.65 billion, and the company will begin trading at a market capitalization of approximately NIS 8 billion post-money.
The offering generated demand exceeding NIS 4 billion, with participation from Israel’s leading institutional investors, reflecting the strong confidence Tidhar enjoys in the capital markets.
The offering was led by Leader Underwriting and Discount Capital Markets, alongside Fischer & Co. law firm, Koresh & Co. law firm, and the accounting firm EY.
Gil Geva, Chairman of Tidhar Group, and Uri Levin, CEO of Tidhar Group, stated: “The successful offering and strong demand constitute a significant vote of confidence in Tidhar, its financial strength, the quality of its management, and the Group’s long-term growth strategy. We are proud to lead one of the largest offerings on the Tel Aviv Stock Exchange. The company will act with a strong sense of responsibility toward its investors, customers, partners, and our people at Tidhar. Tidhar will continue to operate with humility, professionalism, and a commitment to excellence, service, and long-term value creation.”
Ron Klein, EVP and Head of the Economics Department at the Tel Aviv Stock Exchange, said:“Tidhar’s IPO, the largest company to go public since 2010, highlights the company’s strength and its central position in Israel’s real estate sector. The move underscores the innovation and vitality of the construction and real estate industry, which has become a significant growth engine in the Israeli economy.”
In the photo: Uri Levin, Tidhar Group CEO; Gil Geva, Tidhar Group Chairman; Ron Klein, EVP and Head of the Economics Department at TASE; Ittai Ben Zeev, TASE CEO; and the Board of Directors and management of Tidhar Group.
Photo credit: Kfir Ziv – approved for use free of charge.
