Tel Aviv Stock E Stock Price, News & Analysis

The Tel Aviv Stock Exchange (TASE) will publish its financial statements for the period ending June 30, 2021, on August 11, 2021, post-market close. A conference call to review these results will occur the same day at 8:00 PM Israeli time, led by CEO Ittai Ben-Zeev and CFO Yehuda van der Walde. Dial-in details are provided for various countries. A presentation supporting the call will be available on the Israeli Securities Authority and TASE websites. This call aims to inform investors, supplementing the interim financial statements.

On May 24, 2021, the Tel Aviv Stock Exchange (TASE) announced Q1 2021 financial results, reporting revenue of NIS 78.4 million, down 3% from NIS 81.2 million year-over-year. Trading and clearing revenue decreased by 14% to NIS 34.1 million, influenced by lower trading volumes. However, listing fees rose 10% to NIS 16.4 million. TASE's net profit fell 6% to NIS 9.7 million, while adjusted EBITDA dropped 15% to NIS 24.6 million. Notably, TASE facilitated 33 IPOs raising NIS 3.1 billion in the tech sector, marking the highest quarterly figure since 1993.

Nayax has successfully completed its IPO on TASE, marking the largest offering in the exchange's High Tech Sector. The company raised NIS 462 million by issuing 13.5% of its shares to institutional investors at a company valuation of NIS 3.4 billion. Nayax provides payment solutions globally, serving over 19,000 customers with 370,000 POS terminals in 50 countries, and achieved US$ 79 million in revenue for 2020. The IPO is expected to enhance Nayax's exposure and solidify its position in the market.

The Tel Aviv Stock Exchange (TASE: TASE) will release its financial statements for the quarter ending March 31, 2021, on May 24, 2021, after market close. A conference call hosted by CEO Ittai Ben-Zeev and CFO Yehuda van der Walde will occur at 8:00 PM Israeli time on the same day to discuss the results. Dial-in details for various countries are provided. The conference call will also feature a presentation available on the Israeli Securities Authority and TASE websites. Recordings will be accessible within a day post-call. Full financial statements should be reviewed for comprehensive information.

The Tel Aviv Stock Exchange (TASE) announced the launch of the new TA-Dual Listing Index and the upgrade of the Insurance Shares and Convertibles Index to TA-Insurance. The TA-Dual Listing Index aims to attract dual-listed Israeli companies, enhancing liquidity and trading hours from 9 am to 11 pm. The index will include 44 shares with a market cap of NIS 270 billion. The TA-Insurance Index, specifically focusing on insurance sector shares, will cater to both institutional and retail investors. Both indices will launch on June 6, 2021.

The Tel Aviv Stock Exchange launched the TASE UP platform, featuring Veev as the first private company to list its shares on March 22, 2021. Veev raised approximately US$ 100 million through this innovative platform, enabling technology firms to secure capital without an IPO while remaining private. Collaborating with major Israeli investment institutions, Veev aims to transform home building through automation and prefabrication, achieving impressive project timelines. CEO Amit Heller emphasizes the need for flexible financing to support their growth and improve building standards.

The Tel Aviv Stock Exchange (TASE) reported a strong financial performance for 2020. Revenue rose 17% to NIS 304.3 million, driven by a 28% increase in trading and clearing commissions. The fourth quarter alone saw revenue of NIS 77.5 million, a 17% year-over-year increase. TASE raised NIS 4.6 billion in 27 IPOs and launched new products, enhancing market offerings. A dividend of NIS 18.45 million will be distributed on April 5, 2021. However, expenses increased by 5% to NIS 254.2 million due to higher marketing costs and employee benefits.

The Tel Aviv Stock Exchange announced the release of its financial statements for the year ended December 31, 2020, scheduled for March 16, 2021, after market close. A concurrent conference call will occur at 8:30 PM (Israeli time) on the same day, where the financial results will be discussed by CEO Ittai Ben-Zeev and CFO Yehuda van der Walde.

Details for joining the call are provided for several countries, and a recording will be available on the Company's website following the event.

The Tel Aviv Stock Exchange (TASE) announced on February 17, 2021, that its Board of Directors has initiated a feasibility study for a proposed buyback and allotment scheme of shares to TASE members. This recommendation follows preliminary discussions on February 10, 2021. The TASE management is tasked with obtaining necessary economic, tax, and legal opinions. The execution of this scheme remains uncertain and depends on various factors, including regulatory approvals and market conditions, as clarified in the release.