Israel Weighs US IPOs for IAI and Rafael, Citing Disclosure Flexibility
2026-06-30 07:52:26
Israel plans to list two of its largest state-owned defense companies in the US, seeking more leeway on classified program disclosures than in Israel. A government delegation will travel to the US in mid-July to assess IPO options for Israel Aerospace Industries (IAI) and Rafael Advanced Defense Systems, makers of the Arrow and Iron Dome systems, according to BeInCrypto, as officials target selling stakes of up to 30% in each and closing a deal before year-end. IAI is valued at about $33.7 billion and Rafael at around $20 billion. A March 2026 law adds real-time disclosure requirements for foreign issuers; no final venue or timing decision has been made.
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