Israel Aerospace IPO postponed until 2022

• Published date: 12 September 2021

The government has been pushing forward intensively with the IPO for more than 30 months and the process was officially started in November 2020, when approved by the ministerial committee for the sale of shares to the public, but due to delays the offering is unlikely to go ahead before 2022.

The IPO has been slowed down by its complexity. The offering requires various regulatory approvals, among other things because of its security sensitivities, including which activities can be listed in a public prospectus. Another problem has been obtaining agreements with the different workers committees involved.

The IPO, it is believed, will only be open to Israeli investors and overseas underwriters and investors will not be eligible to...