Hedge fund billionaire Bill Ackman and his wife Neri Oxman are making headlines with their recent investment in the Tel Aviv Stock Exchange. The exchange announced on Wednesday that Ackman and Oxman are purchasing a nearly 5% stake in the exchange, showing their confidence in the Israeli economy.
The news comes as the Israeli bourse revealed the pricing of a secondary offering of over 17 million shares, priced at 20.60 shekels ($5.50) per share. The offering drew interest from investors around the world, including Israel, the United States, Europe, and Australia, signaling a strong show of support for the Tel Aviv Stock Exchange and the broader Israeli economy.
Among the notable buyers in this offering are Neri Oxman and Bill Ackman, who have agreed to acquire approximately 4.9% equity stake in the TASE. Ackman, the CEO and founder of New York-based Pershing Square Capital Management, has been a vocal advocate for Israel, particularly following the recent Hamas terror attack on the country, which prompted an Israeli ground invasion of the Gaza Strip. His wife, Neri Oxman, is an American-Israeli designer and professor, adding to the significance of their investment in the TASE.
This breaking news story is certainly one to watch, and we encourage you to check back for more updates and insights into this exciting development.
Bill and Neri’s decision to invest in the Tel Aviv Stock Exchange reflects a vote of confidence in the Israeli economy and the TASE itself. It’s always exciting to see prominent figures like Ackman and Oxman making moves in the financial world, and their investment in the TASE is sure to have a ripple effect across the global investment community.
The secondary offering that attracted interest from investors worldwide underscores the appeal of the Tel Aviv Stock Exchange and the opportunities it presents for growth and returns. The participation of individuals like Ackman and Oxman only serves to reinforce this sentiment and bring attention to the potential of the Israeli economy as a whole.
As we continue to monitor this developing story, it’s clear that Ackman’s public support for Israel and his investment in the TASE reflects his confidence in the country’s resilience and economic prospects. His alignment with Israel’s economy is undoubtedly a statement in itself, and it’ll be fascinating to see the impact of this investment in the weeks and months to come.
We’ll make sure to keep you updated on any new developments related to this exciting news, so be sure to check back for more insights and analysis on Ackman and Oxman’s investment in the Tel Aviv Stock Exchange.
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