Another defense company goes public on the Tel Aviv Stock Exchange

According to the prospectus, the company will try to raise about NIS 200 million based on a valuation of NIS 700 million.

The company’s largest shareholder is the Canadian Smart Shooter Limited Partnership, controlled by Canadian businessman Meir Hanivish (23% of shares). Company founders Michal Mor and Avshalom Erlich own about 13% and about 6%, respectively. In addition to them, the Phoenix insurance company is a major shareholder, owning about 21% of the shares. Also among the shareholders are Jewish-Chilean businessman Alejandro Weinstein (10%), insurance company Akhshara (6%), retired Major General Nitzan Alon (0.6%), former director of Rafael Abraham Mazor (1%).

Smart Shooter, founded in 2011 by two people from the Rafael concern, is developing electro-optical fire control systems that provide the ability to engage ground and air targets, regardless of the user’s skill level and experience.

Demand for the company’s products increased sharply after the outbreak of the War of the Iron Swords. About 40% of the company’s orders come from Europe, 36% from Israel, 20% from the USA.