Direct Financing raises $ 150 million in an IPO

by time news

The offer was given to investors who are institutional investors, at a share price of NIS 815 per share, which constitutes a difference of approximately 6%. The consideration will be used to start the mortgage activity.

Direct financing has completed the issuance of shares in the amount of NIS 150 million. The raising is expected to be used by the company, among other things, to further increase its financial strength and further develop its business, including investing in the establishment of mortgage operations.

The offer was given to investors who are institutional investors, at a share price of NIS 815 per share, which is about 6 percent lower than the opening price on the trading day.

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