Hedge-fund billionaire Bill Ackman and renowned designer Neri Oxman have recently made a significant move in the financial market. The couple has acquired a stake of approximately 4.9% in the Tel Aviv Stock Exchange (TASE).
As part of a secondary offering of shares, TASE is set to receive around 242 million shekels ($64.4 million) in net proceeds. The offering included various investors, with Ackman and Oxman being prominent participants.
Under this offering, TASE introduced 17.2 million ordinary shares at a price of ILS20.60 each. This accounts for a stake of 18.56%, according to FactSet data.
While the other investors remain undisclosed, TASE has reported great interest from individuals across Israel, the United States, and Australia.
Notably, Pershing Square, Ackman's hedge fund, has not yet provided a comment regarding this investment.
It is important to highlight that Ackman has been vocal about his concerns regarding alleged antisemitism on certain U.S. university campuses, particularly during the Israel-Gaza war.
With the net proceeds from this offering, TASE plans to make significant investments in its technology infrastructure. The exchange anticipates closing the offering on Thursday.
