Tedaer's stock, one of the largest companies in the real estate sector in Israel, began trading on the Tel Aviv stock exchange following a giant issuance it completed last week. The company's value was set at 8 billion shekels, after it managed to raise about 1.7 billion shekels in the issuance, of which 228 million shekels were from a sell-off. The issuance, which took place in a non-uniform offering format, received high demand of over 4 billion shekels, indicating investor confidence in the company and its growth strategy. Tedaer's chairman, Gil Geva, and the company's CEO, Uri Levin, expressed pride in the success and high demand, emphasizing the company's commitment to excellent service and creating long-term value. The company's VP, Ron Klein, noted that the issuance highlights the company's status in the real estate sector and the importance of the field in the Israeli economy. Tedaer plans to continue to operate responsibly and professionally, while safeguarding the interests of the investing public and clients.
After the giant issuance: Tedaer began trading on the stock exchange at a value of 8 billion shekels
Based on nadlancenter
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