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Israeli real estate company Gazit-Globe files for a $145 million IPO

December 5, 2011
GZT

Gazit-Globe, an Israel-based multinational owner and operator of supermarket-anchored shopping centers, filed on Monday with the SEC to raise up to $145 million in an initial public offering. The Tel Aviv, Israel-based company, which was founded in 1982 and booked $1.7 billion in sales for the 12 months ended September 30, 2011, plans to list on the NYSE under the symbol GZT. The company is currently listed on the Tel Aviv Stock Exchange, or the TASE, under the symbol GLOB. Citi and Deutsche Bank Securities are the lead underwriters on the deal. No pricing terms were disclosed.