The offering ended in over-demand at a rate of 100% and at a price of 10% above the requested minimum price.
Yaniv Bitton, CEO and founder of Messer to FUNDER“We are proud of the success of the IPO, and thank the investing public for expressing confidence, expressed in a number of leading institutional entities that took part in the IPO. We consider making the company public an important and substantial step.
CPA Doron Sapir, the company’s chairman, added that: “The field of non-bank credit, especially for small and medium-sized businesses, is a particularly vital field during this challenging period. its.
The company’s financing income in the first half of 2020 was NIS 9.9 million, compared to NIS 6.3 million for the corresponding period in 2019 and NIS 15.2 million for 2019 as a whole.
The net profit was NIS 1.7 million in the first half of 2020, compared to NIS 1.3 million in the corresponding period, and NIS 7.5 million for 2019.
Gross credit portfolio of approximately NIS 90 million, which is an increase of 30% compared to June 2019. Shareholders’ equity amounts to NIS 12.5 million and is expected to increase to approximately NIS 38 million after the completion of the IPO.
The offering was led by Leumi Partners Underwriters together with Orion Underwriting and Demand for Capital Raising. The law firm of Yoram L. Cohen and Sagi Shemesh and the firm of accountants EY accompanied the offering.
A few months ago, the company received the permit for an extended license from the Capital Market, Insurance and Savings Authority. The company provides credit to over 700 customers mainly for small and medium-sized businesses.