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    TASE   IL0011590291

THE TEL-AVIV STOCK EXCHANGE LTD.

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Tel Aviv Stock Exchange : Management of Retailors Opens Trading on the Occasion of its IPO on TASE

06/16/2021 EDT
Management of Retailors Opens Trading on the Occasion of its IPO on TASE
Press Release
16/06/2021

Tel Aviv, June 16, 2021 - Management of Retailors opened trading this morning in celebration of its IPO on TASE.

Retailors is the second company since the beginning of 2021 to carry out a global IPO on TASE, and also the first to do so with an international investment house, UBS, as the IPO underwriter.

Retailors' IPO is the third largest from among the 59 new companies listed on TASE since the beginning of the year, raising a total of over 7.5 billion NIS. The company is one of the 7 commerce companies to join TASE's Commerce & Services Sector this year. This sector encompasses 40 shares with a total market cap of 49 billion NIS.

Fox Group, headed by Mr. Harel Wiesel, began operations in sports fashion at the end of 2014, after receiving a franchise from Nike for to set up and operate the brand's stores in Israel. Subsequently, in March 2015, Fox Group acquired 90% of Retailors based on a company value of 11 million NIS. Six years later, the company carried out an IPO based on a company value of 2.5 billion NIS.

In February 2020, Retailors entered into agreements with Nike for the setting up and operating of Nike stores in 14 European countries. To date, 10 Nike stores have opened in Europe. In 2016, Retailors was granted an exclusive license for operating Foot Locker in Israel and, beginning in October 2020, has held a license for the joint operation, with Foot Locker, of stores in 6 European countries. currently, Retailors operates 7 stores in Poland and Hungary and is planning to open 55 more stores across Europe in the next 5 years.

Retailors generated revenue of 638 million NIS in 2020, 80% of which was in Israel. There are more than 2,000 employees in Israel and abroad.

The company completed the allotment of 10% of the shares to Foot Locker International.

It raised 572 million NIS in a global book building IPO for international and Israeli institutional investors, based on a company value of 2.54 billion NIS, after the money, and after the Foot Locker allotment.

The share of the company is expected to join TASE's TA-90, TA-125 and SME-150 indices on the semi-annual rebalancing date, at the end of trading on August 5, 2021.

Dubi Chnaidman, CEO of Retailors, said: 'I am proud to be here on this occasion, celebrating the extraordinary success of Retailors. The great vote of confidence that we were grateful to receive testifies to the company's substantial profitability potential, alongside the momentous growth of the Fox Group. The success of the IPO is an important step towards the large-scale expansion and growth of the company's operations, both locally and globally.

Hani Shitrit Bach, EVP and Head of Listings at TASE, said: 'We, at TASE, expect to see a growing number of Israeli companies opt for a global offering on TASE and enjoy significantly reduced costs compared to an offering in the United States. They will also enjoy exposure to major international institutions alongside the Israeli investors. TASE, as home of the Israeli economy, is the natural and most suitable venue for Israeli companies to accomplish an IPO and growth, allowing the Israeli public, as well as international investors, to partake in the success of Israeli companies. We wish Retailors management and employees the best of success, for the benefit of customers and investors in Israel and worldwide, and for the benefit of the Israeli economy.'

In the picture from right to left:Tomer Czapnik, CEO Fox Nike Stores International; Dani Gaoni, CEO Foot Locker, Nike Israel and Dream Sport. CEO of Nike, Foot and Dream, Sports Israel; Dubi Chnaidman, CEO of Retailors; Harel Wiesel, CEO and Owner of Fox Group; Avi Zeldman, Chairman of Fox Group; Ittai Ben Zeev, CEO of TASE, and Hani Shitrit Bach, EVP and Head of Listings at TASE.

Photography credit: Nimrod Glickman, the photo is free of charge.

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Disclaimer

TASE - Tel Aviv Stock Exchange Ltd. published this content on 16 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 June 2021 09:52:04 UTC.


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Financials
Sales 2020 296 M 92,8 M 92,8 M
Net income 2020 - - -
Net Debt 2020 - - -
P/E ratio 2020 -
Yield 2020 -
Capitalization 1 735 M 542 M 544 M
Capi. / Sales 2020 5,86x
Capi. / Sales 2021 5,32x
Nbr of Employees 250
Free-Float 100%
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Last Close Price 17,14 ILS
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Managers and Directors
Ittai Ben Zeev Chief Executive Officer
Yehuda Menachem van der Walde Chief Financial Officer & Executive Vice President
Arik Shteinberg Chairman
Uri Shavit EVP, Chief Information & Operation Officer
Adi Barkan EVP, Chief Compliance & Enforcement Officer
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