BST Group, controlled by the Tanous family, successfully completed its IPO, reaching a valuation of over 3 billion shekels. The initial public offering attracted demand of about 1 billion shekels, 2.5 times the amount raised, with participation from most Israeli insurance companies. The company raised approximately 400 million shekels for 13.75% of its shares, valued at 2.6 billion shekels before money, and will begin trading on the stock exchange with a valuation of 3 billion shekels after money. Post-IPO, the Tanous family holds 69% of the shares, Phoenix Group 17.25%, and 13.75% is held by the public. Founded in 1972, BST operates in real estate in Israel and internationally, notably in Canada. In 2025, it formed a strategic partnership with Phoenix and Menora for multifamily projects. The group achieved revenues of 1.91 billion shekels in 2025, with a net profit of 52.2 million shekels. CEO Elias Tanous emphasizes the commitment to quality and international expansion.
