Last week, Rustic Bakery Ltd. successfully completed its initial public offering (IPO), alongside an offer for sale by certain of its shareholders. As part of the IPO, the company raised approximately NIS 200 million at a pre-money valuation of approximately NIS 800 million. In addition, shareholders participating in the offer for sale sold shares in an aggregate amount of approximately NIS 33.3 million.
Founded in 1987, Rustic Bakery engages in the production, marketing, distribution and sale of various baked goods, and also holds exclusive distribution rights in Israel for several international food brands, including Nature Valley snacks and Häagen-Dazs ice cream.
The company was represented in the IPO by Moshe Paskar, Amir Scharf and Tal Jakubowitcz, together with legal interns Romem Lavi-Dahan and Gal Tyk.
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