November 25, 2020

In the first-ever food-tech Initial Public Offering on the Tel Aviv Stock Exchange, SavorEat has raised NIS 42.6 million (about $13 million) from leading Israeli institutional investors. The offering attracted large demand from investors, including Gemel and Meitav Dash and Gemel Pensions. The company's valuation for the offering was NIS 170 million ($50 million) before money. The offering was conducted by Leumi Partners Underwriters, which also as underwriters exercised its pricing for the offering, and was supported by the Horan & Co. law firm.

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