Rami Levy Reportedly Plans TASE IPO for Real Estate Assets
August 25, 2020 at 03:32 pm EDT
Rami Levy, the founder and controlling shareholder in retail supermarket chain Rami Levi Chain Stores Hashikma Marketing 2006 Ltd. (TASE:RMLI), is planning an initial public offering on the Tel Aviv Stock Exchange (TASE) for Rami Levy Real Estate, which hold his private real estate assets and has an estimated gross valuation of about NIS 3 billion. Sources inform "Globes" that Levy and his associates have already met with underwriters regarding a planned initial public offer (IPO) in the first half of 2021. Rami Levy declined to comment on the report.