Unicorn investor Unic-Tech raises NIS 26.5m in TASE IPO
Unic-Tech is a collaboration between Together Investments and The Elephant secondary market platform.
Unic-Tech, a partnership specializing in investing in shares of unicorn technology companies (companies with a valuation of $1 billion or more), has completed its Initial Public Offering (IPO) on the Tel Aviv Stock Exchange (TASE). Unic-Tech raised NIS 26.5 million, in an oversubscribed offering with demand reaching NIS 30 million. 500 investors that took part in the IPO.
Unic-Tech is a collaboration between "Together Investments," which specializes in investments in Israeli and foreign high-tech companies at various stages, as well as unicorns, and "The Elephant," - which is active in the secondary market and operates a global secondary market platform where private shareholders offer their shares in late stage high-tech companies.