Nayax direct listing
Davis Polk advised Nayax Ltd. on the direct listing of its ordinary shares on Nasdaq in the United States and the registration of those shares under the Securities Exchange Act of 1934. The United States listing is in addition to the existing listing of Nayax’s ordinary shares on the Tel Aviv Stock Exchange. The ordinary shares are listed on the Nasdaq Global Select Market under the symbol “NYAX.”
Nayax is a global commerce enablement and payment platform designed to improve retailers’ revenue and operational efficiency. Nayax offers a complete solution including localized cashless payment acceptance, a management suite, and consumer engagement tools, enabling merchants to conduct commerce anytime, anywhere. Today, Nayax has nine global offices, over 800 employees, connections to more than 80 merchant acquirers, payment method integrations and is a recognized payment facilitator worldwide.
The Davis Polk corporate team included partner Michael Kaplan, counsel John H. Runne and associates Christian Knoble and Rachel Jang. Counsel Tracy L. Matlock provided tax advice. Partner Frank J. Azzopardi and associates David A. Frey and Alexis N. Wallace provided intellectual property advice. Partner Adam Kaminsky and associate Chloe Wang provided executive compensation advice. Members of the Davis Polk team are based in the New York and Washington DC offices.