Herzog Acted as Israeli Counsel to Enlight Renewable Energy Ltd (ENLT) in a First Israeli IPO on Nasdaq in Over a Year!
12 February 2023
Herzog Acted as Israeli Counsel to Enlight Renewable Energy Ltd (ENLT) in a First Israeli IPO on Nasdaq in Over a Year!
In the midst of a dry spell in capital markets, Enlight successfully raised $271 million at a valuation of over $2 billion.
Enlight develops, constructs, finances, and operates solar and wind energy projects in multiple locations around the world, including Israel, United States, Sweden, Spain, Croatia, Hungary and others. The Proceeds of the IPO will be used to develop additional clean energy projects.
This is the first IPO by an Israeli company on Nasdaq in over a year!
The Herzog team was led by Ron Ben-Menachem, Nir Dash, Joshua Ravitz, Dr. Ehab Farah, and Mohammad Mawasi.
The underwriters were led by J.P. Morgan, Bank of America, Barclays and Credit Swiss. Enlight’s U.S. counsel was Latham & Watkins LLP, and Skadden Arps, Slate, Meagher & Flom LLP acted as underwriters’ counsel.
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