Management of Ampa opened trading this morning in celebration of its listing on TASE.
Ampa is one of 12 companies to join TASE since the beginning of the year, marking the largest IPO on TASE this year.
Ampa is jointly controlled (with equal stakes) by the Fogel Group (Shlomi Fogel, Shuki Wolf, and Tuli Ceder) and the Nakash family. Established in 1937, the company initially focused on industrial operations. In 1998, following the acquisition of controlling interest, Ampa's management formulated a new strategy: disposing of its white goods manufacturing operations and utilizing the vacated spaces for real estate development. Since then, Ampa has solidified its position as a leading real estate company in Israel. Its operations encompass income-producing properties (Ampa Menivim), residential development (Ampa Israel), and co-working spaces (WeWork Israel). Additionally, Ampa holds a controlling interest in Ampa Capital, one of Israel's leading financing companies, in partnership with Menora Mivtachim. Shlomi Fogel serves as Chairman of the Board, and Zohar Levi serves as the company's CEO.
The company raised NIS 600 million on TASE, based on a company value of NIS 3 billion. This marks the largest share IPO since early 2022 in terms of company market cap and the highest amount of capital raised since 2017.
Ampa is included in TASE’s Real Estate Sector.
Zohar Levi, CEO of Ampa: “We thank all participants in the offering for their vote of confidence and for, like us, believing in the Israeli economy and our operations. The successful completion of this offering will enable the company to execute its strategic plans and further solidify its position as one of Israel's largest and leading commercial groups.”
Ron Klein, EVP, Head of the Economics Department at TASE: “Ampa's IPO is the largest since 2022, and the highest amount of capital raised since 2017. We encourage more major companies to join TASE. The Israeli economy as a whole has recently displayed remarkable resilience, reflected in the very strong performance of the TASE indices and the robust trading volumes throughout the last half-year. As home of the Israeli economy, TASE will continue to provide a solid foundation and serve as a hub for companies' capital and debt raising."
In the photograph: Joe Nakash, owner of Ampa; Avi Nakash, Owner of Ampa; Shlomi Fogel, Chairman and Owner of Ampa; Shuki Wolf, Director and Owner of Ampa; Tuli Ceder, Director and Owner of Ampa; Avi Hormaro, Director at Apma; Zohar Levi, CEO of Ampa; Avi Hasid, CFO of Ampa; Or Eyal, Deputy CEO and Legal Counsel of Ampa; and Ron Klein, EVP and Head of the Economics Department at TASE.
Photography credit: Vered Farkash, authorized for use for no consideration.
