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Industry

Aeronautics to launch on stock market

24 May 2017

Key Points

  • UAV manufacturer Aeronautics targets mid-June launch on stock market
  • Listing comes as a number of other Israeli companies are looking at similar moves

Israeli unmanned systems manufacturer Aeronautics is looking to launch an initial public offering (IPO) of approximately half its stock in the coming weeks, Jane’s has learned.

According to an Aeronautics spokesperson, details of the structure of the IPO are yet to be finalised. However, current shareholders Bereshit, KCPS, and Viola Group are to sell 40-50% of their current shares, with the company’s management also looking to issue additional shares into the market.

The shares are primarily being aimed at Israeli institutional investors, with the company looking to launch onto the Tel Aviv Stock Exchange in mid-June.

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