Holmes Place Group’s Management Rang The Bell To Open This Morning’s Trading On TASE To Mark The IPO Of The Company’s Shares

​The management of Holmes Place Group rang the bell to open trading on the Tel-Aviv Stock Exchange (TASE), to mark the IPO of the company’s shares on TASE.

The company is the largest chain of health and fitness clubs in Israel and operates 40 clubs the length and breadth of the country, under the brand names “Holmes Place”, “Go Active” and “Icon Fitness”.
Holmes Place joins the commerce and services companies sector, a sector comprising 66 listed companies with a total value of NIS 57 billion and representing 7.5% of the total market value of TASE equities. The company’s shares are expected to be included in the TA-Growth Index and the TA-All Share Index with effect from March 5, 2018.

Richie Hunter, Chairman of Holmes Place International: “We are extremely proud to be making a Holmes Place IPO in Tel Aviv and we’re sure that, working together with the company’s management, we’ll be able to lead the company to success and create value for our investors”.

Hani Shitrit-Bach, EVP, and Head of TASE’s Listing and Economics Department: “Holmes Place is the final company on the list of 20 new companies to list on TASE in 2017. The equity raised by the new companies amounted to NIS 3.8 billion and their combined market value amounts to NIS 14 billion. The company made an offering last month in which it raised NIS 102 million in return for 33% of the company, with a third of this amount coming from a sale offer from the public. The company’s well-known brand name has attracted enthusiastic interest from the public and the share has risen 16.5% since then. Although we’re still at the start of 2018 we’re seeing a continuation of this trend and a number of companies have already filed draft offering prospectuses”.

Photo credit: Guy Assiag, for no financial consideration.