Brain child of Israeli engineers, Elis said to be able to fly 830 km (515 miles) at speeds of up to 460 kmph (286 miles per hour), sufficient for most local U.S. flights with maintenance costs expected to be lower than existing aircraft
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Clean energy co Phinergy raises NIS 200m in TASE IPO
The IPO was at a pre-money valuation of NIS 780 million.
Clean energy company Phinergy has announced the successful completion of an IPO on the Tel-Aviv Stock Exchange. The company raised NIS 200 million ($60 million) in the IPO that was two-times oversubscribed, at a NIS 780 million ($237 million) pre-money valuation. The company is expected to start listing in the course of next week under the ticker symbol PNRG.
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Phinergy was founded by Aviv Tzidon (chairman) and headed by CEO David Mayer. The offering was led by Leader Underwriters, Leumi Partners and Menora Mivtachim Underwriters & Management.