FinTech Nayax is listed on the Tel Aviv Stock Exchange
A FinTech company, Nayax’s IPO on TASE is the largest in the history of TASE’s high-tech sector, both in terms of business value and amount raised. Nayax joins the 42 new companies and partnerships registered on TASE since the start of 2021, totaling NIS 4.9 billion. The company is part of the technology sector of TASE, which currently includes shares of 114 companies.
Nayax is a global FinTech company specializing in payments and M2M communication. The company claims to have more than 19,000 customers operating 370,000 outlets in some 50 countries around the world. Nayax accepts nearly 40 currencies and cooperates with more than 80 global financial institutions including Visa, Mastercard, American Express, PayPal and others, and is also an authorized payment institution in Europe.
Nayax is listed on TASE in a global IPO with international investment bank Jefferies, in collaboration with Israeli underwriters Oppenheimer and Leader. The company raised NIS 462 million in an IPO of 13.5% of the share capital to international and Israeli institutional investors and an additional 6% of the share capital was issued as part of a secondary offer by majority shareholders for an amount of 205 million NIS. , all based on an enterprise value of NIS 3.4 billion. More than 70% of the shares participating in the IPO were bought by international investors.
Yair Nechmad, CEO, Chairman of the Board and Co-Founder of Nayax said: “This opportunity is a milestone for Nayax, which in the 15 years since its inception has grown into a technology company with over 370,000 points sales in the world. . Joining TASE gives us exposure to international investors through the global offering and solidifies our DNA as an Israeli company that manages, develops and manufactures in Israel but is always open to the world and is constantly expanding its footprint and range of solutions. I would like to thank TASE, our business partners and especially the employees of Nayax who made it all possible. The success of the company is above all its success.
Ittai Ben Zeev, CEO of TASE, said: “TASE, as the home of the Israeli economy, allows all Israeli companies, including those listed on foreign stock exchanges, to register on TASE and enjoy all the benefits of the national court, while allowing Israeli public exposure to their success. This is the first global unicorn offering on TASE, and we’re confident more international companies will follow this path. By opting for a global offering on TASE, Israeli companies benefit from significantly reduced costs compared to an offering in the United States, as well as exposure to major international institutions alongside Israeli investors. I wish the management and employees of the company the best of success and hope this IPO will pave the way for other unicorns to join TASE. “