Listing Procedures
- Appointment of Listing Consultant
- Compliance with Application Criteria
- Preliminary Meeting with Investors
- Suggested Timetable
- Underwriting and distribution of shares (underwriter),
preparation of draft prospectus (attorney),
financial reports and valuation report (CPA) - Notice of listing to Israel Securities Authority – 30 day maximum
- Submission of prospectus to TASE Amendments and notes
- Publication of draft prospectus on MAYA and MAGNA sites online
- Roadshow – Investor presentation to generate pledges from institutional investors
- Formulation of final outline for listing
- Institutional tender (determine price and quantity)
- Publication of prospectus
- Public tender
- Share allotment
- Opening of trading
Revenue Threshold for Listing
(in Millions NIS)
Large Companies
R&D Companies Only *
From 50 Million - 7.5%
* R&D companies
(1) A company that has invested at least 3 Million NIS in research and development in the last three years, including via Chief Scientist’s Office
(2) A company that has invested at least 5 Million NIS through its subsidiaries in the last three years
Large Companies
R&D Companies Only *
From 50 Million - 7.5%
* R&D companies
(1) A company that has invested at least 3 Million NIS in research and development in the last three years, including via Chief Scientist’s Office
(2) A company that has invested at least 5 Million NIS through its subsidiaries in the last three years
Large Companies
R&D Companies Only *
From 50 Million - 7.5%
* R&D companies
(1) A company that has invested at least 3 Million NIS in research and development in the last three years, including via Chief Scientist’s Office
(2) A company that has invested at least 5 Million NIS through its subsidiaries in the last three years
Tracks for Issuing Corporate Bonds
With Equity
Without Equity
For Listed Companies
35 offerees + holding value of 200,000 NIS per holder