Avisror

The Phoenix insurance company has officially become a substantial shareholder in the Avisror real estate firm after investing 160 million NIS for a 6.24% stake following the company's recent public offering.

The company increased its share of apartment sales in the second quarter, and revenues rose, mainly due to revenue recognition from the Sde Dov project. However, the company recorded a loss of 13 million shekels compared to a profit last year. Eli Avisror: "There are challenges, but we sold 205 apartments."

Avisror revealed its data ahead of a stock issuance in Tel Aviv, admitting it is close to a loss in its Lod project. This is another example of a developer purchasing during the boom years and now facing a slump in sales and prices.

The real estate firm Avisror Moshe and Sons has completed an offering at a company valuation of 2.6 billion shekels. With 525 million shekels raised from institutional investors, the company has become the 19th firm to join the Tel Aviv Stock Exchange since the start of 2026.

Real estate developer Avisror began trading on the Tel Aviv Stock Exchange after raising 530 million shekels at a 2 billion shekel valuation. Shares surged 14.5% at the opening on individual trades, with gains moderating to 6% later in the day.

After raising 525 million shekels from leading insurance and provident funds, and purchasing apartments in the Sde Dov project for more than 100 million shekels, the Avisror brothers respond to the changes in the company.

What percentage of the company will Eli Avisror hold, why is the IPO tempting to investors, and who bought an apartment for 17 million shekels? The Avisror family will earn huge sums after the IPO. The brothers will rake in tens of millions as dividends.

Real estate developer Avisror has completed its IPO at a valuation of 2 billion shekels, a 23% reduction from initial expectations. The company raised 530 million shekels in the process.

The Avisror family has purchased 13 apartments in their ASHIRA project in Sde Dov. Eli Avisror invested 19 million shekels, while other family members secured favorable financing terms with the balance due upon delivery.

The construction company Avisror is seeking to go public at a valuation of 2.2 billion shekels, about 15% lower than it had aimed for. To attract investors, it is offering free options, as several companies have done before it. The prospectus reveals: profitability in Sde Dov is low, but controlling shareholders are selling apartments to family members.