Success in the issuance of Acro Real Estate, controlled by Tzachi Arbov. Acro Real Estate, which is one of the largest real estate ventures here, especially in the Tel Aviv area, enjoys rising apartment prices and expects high gross profitability. NIS 4 billion and raised half a billion shekels.
The value in the IPO places the third company among the real estate entrepreneurs after Israel Canada, which is considered the “big sister” of Acro and after Damari.
We wrote here that the value that the company sought to issue – NIS 3 billion before the money, expresses optimism about the realization of future gross profitability and optimism in general in the real estate market and that the institutionalists should reduce the price. On cumulative profits of NIS 280 million since its inception and a gross profit of NIS 5 billion is expected in the coming years, and its capital of NIS 960 million will increase to NIS 1.45 billion following the issue.
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