Novolog’s $151 Million Initial Public Offering


Gross, Kleinhendler, Hodak, Halevy, Greenberg & Co. has advised Novolog on the transaction

Novolog completed its initial public offering on the Tel Aviv Stock exchange. Total demand for the offering was NIS 1 billion, four times the planned offering. Because of the high demand, the valuation of the company for the purposes of the IPO rose to NIS 560 million, compared with NIS 540 million at the institutional stage and a minimum valuation set at NIS 470 million.

Novolog Ltd. provides logistics services for pharmaceutical and medical device companies operating in Israel. The company, led by David Bar, Ran Laor, Nitzan Lahat, Shimon Yurman and Miri Trainin, is based in Modiin.

Gross, Kleinhendler, Hodak, Halevy, Greenberg & Co. has advised Novolog with Aya Yoffe (Picture), Yuval Eden, Baruch Saute and Gal Doitch.

Involved fees earner: Aya Yoffe – Gross Kleinhendler Hodak Halevy Greenberg & Co.; Yuval Eden – Gross Kleinhendler Hodak Halevy Greenberg & Co.; Baruch Saute – Gross Kleinhendler Hodak Halevy Greenberg & Co.; Gal Doitch – Gross Kleinhendler Hodak Halevy Greenberg & Co.;

Law Firms: Gross Kleinhendler Hodak Halevy Greenberg & Co.;

Clients: Novolog Ltd. ;

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Author: Michael Patrini.