Israeli fintech company Nayax, opened trading on the Tel Aviv Stock Exchange on Thursday, after scoring the biggest IPO in the history of the TASE High Tech Sector, both in terms of both the company value and the amount raised.
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Nayax is a global fintech company, specializing in payments and M2M communication. The company has more than 19,000 customers operating 370,000 POSs in some 50 countries worldwide. Nayax accepts close to 40 currencies and cooperates with more than 80 global financial institutions, including Visa, Mastercard, American Express, PayPal and others, and is also a Licensed Payment Institution in Europe.
Nayax has more than 400 employees in nine countries, including 270 at the company's head office in Herzliya. The revenue of Nayax in 2020 totaled $79 million.
Nayax joins the 42 new companies and partnerships that have listed on TASE since the beginning of 2021. Including Nayax, these companies have raised a total of NIS 4.9 billion ($1.5 billion) The company is included in TASE's Technology Sector, which currently comprises shares of 114 companies, with a total market cap of NIS 207 billion ($63.7 billion).
In view of its size, the company is expected to join TASE's leading indices: TA-90, TA-125, TA Tech-Elite, TA-Global BlueTech, TA-Technology and TA-Industrials on the semi-annual rebalancing at the end of trading on Aug. 5, 2021.
