Payments

Nayax announces IPO pricing

Logo provided.

May 12, 2021

Nayax Ltd., an Israel-based provider of cashless solutions for the unattended retail industry, announced today the pricing of its global initial public offering of 63.5 million ordinary shares at a price per share of ILS 10.50 ($3.25).

The offering comprises 44 million ordinary shares by Nayax and an aggregate of 19.5 million ordinary shares by three existing shareholders. In addition, Nayax has granted the underwriters a 30-day option to purchase up to an additional 9.525 million ordinary shares from Nayax, at the initial public offering price.

Nayax intends to use the net proceeds of approximately ILS 430 million ($132 million) from the initial public offering for financing the expansion of Nayax's business activities, pursuing its strategy to enter new markets and financing acquisitions.

Nayax will not receive any proceeds from the sale of ordinary shares by the selling shareholders. The offering is expected to close today, subject to customary closing conditions.

"We're especially pleased to have completed a successful global offering on the Tel Aviv Stock Exchange," Yair Nechmad, CEO, chairman and co-founder, said in the press release. "We hope it will pave the way for others to follow."