By Pierre Bertrand
Hedge-fund billionaire Bill Ackman and designer wife Neri Oxman have taken a stake of about 4.9% in the Tel Aviv Stock Exchange.
The Israeli stock-exchange operator said Wednesday that it will receive approximately 242 million shekels ($64.4 million) in net proceeds from a secondary offering of shares, which included other investors in addition to Ackman and Oxman.
The exchange said it had offered 17.2 million ordinary shares–representing a stake of 18.56%, according to FactSet data–at ILS20.60 each.
TASE didn’t disclose the identity of its other new investors, but said the offering drew interest from across Israel, the U.S., and Australia.
Pershing Square, Ackman’s hedge fund, didn’t immediately respond to a request from comment.
Ackman has been a vocal critic of alleged antisemitism on some U.S. university campuses since the start of the Israel-Gaza war.
The exchange said it intends to use the net proceeds for investments in its technology infrastructure. It added that the offering is expected to close on Thursday.
Write to Pierre Bertrand at [email protected]
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