Raising Stage
1
The new company publishes the fundraising documents to TASE’s announcement system (MAYA). Accredited and institutional investors examine the details of the new company, including the scope of the raising, its objective and the terms of the offered securities.
2
The investor looking to invest should contact the company’s Investor Relations, using the details posted on MAYA
3
Capital raising round complete
4
5
The securities will appear in the investor’s bank\tase member account, including the security number (ISIN)
6
Continuous Trading Stage
Investor classified as an accredited investor*
A qualified investor not yet classified as an accredited investor*
Investor that is not classified as an accredited investor, yet meets the terms for qualification*, will contact the bank/TASE member through which it transacts on TASE, fill out an accreditation investor form and once approved, will be granted access through hers TASE member to trade on TASE UP.
Once the securities have been allotted by the company, listed for trading and assigned a security number (ISIN) on TASE UP, the investor may trade via the TASE member through which it transacts, similarly to the continuous trading of securities listed on the main list.
For a list of the securities traded on TASE UP
We recommend that you enter one of the securities included in the list to the trading system and try to transmit an order, in order to verify your access to trading on TASE UP.
* Who is an accredited investor?
- The total value of the liquid assets that he/she owns exceeds 8 million NIS
- His/her income in each of the past two years exceeds 1.2 million NIS or the income of the family unit to which he/she belongs exceeds NIS 1.8 million;
- The total value of the liquid assets that he/she owns exceeds 5 million NIS and his/her income in each of the past two years exceeds NIS 600,000 or such income of the family unit to which he/she belongs exceeds 900,000 NIS.
For this purpose – “liquid assets” signify cash, deposits, financial assets as defined in the Consulting Law and securities traded on TASE, and “family unit” signifies an individual and his/her family members living with him/her or where the livelihood of one depends on the other.
