Meitav Investment House NIS 500 million stock offering
We advised Meitav on its global offering
Davis Polk advised Meitav Investment House Ltd. on its global offering of 4,605,642 ordinary shares pursuant to Rule 144A and Regulation S. The net proceeds from the offering amounted to approximately NIS 500 million (approximately $153 million). The ordinary shares are listed on the Tel Aviv Stock Exchange Ltd. under the symbol “MTAV.”
Meitav has specialized in investment management since 1979. In addition, Meitav has the largest non-bank retail brokerage business in Israel and has three credit companies which operate in Israel and abroad. Meitav employs approximately 1,000 employees. As of September 30, 2025, Meitav manages assets totaling approximately NIS 383 billion on behalf of more than one and a half million clients.
The Davis Polk capital markets team included partners Michael Kaplan and Connie I. Milonakis and associates Despoina Arslanidi and Shelby Young. Counsel Alon Gurfinkel and associate Kelli A. Rivers provided tax advice. Counsel Sarah E. Kim and associate Saloni Pant provided 1940 Act advice. Members of the Davis Polk team are based in the New York and London offices.