Tapuz to raise NIS 24m.-30m. on TASE

Internet portal Tapuz People said it plans to raise between NIS 24 million and NIS 30m. via a listing on the Tel Aviv Stock Exchange in February.

By YIGAL GRAYEFF
January 4, 2006 08:14
1 minute read.
tapuz logo 88

tapuz logo 88. (photo credit: )

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

Despite expectations for mergers and acquisitions to pave the funding path in 2006, initial public offerings were the first to make news in the new year. Internet portal Tapuz People said it plans to raise between NIS 24 million and NIS 30m. via a listing on the Tel Aviv Stock Exchange in February. Tapuz is home to more than 1,000 forums that cover 24 categories and receive about 70,000 messages a day, with the site attracting 1.5 million hits a month. In addition, the company provides a wide variety of content to its web site and to mobile telephones, covering news, sport, birth and pregnancy, food, and other subjects. It also sets up and maintains Internet sites and forums for television programs, such as "Dancing with the stars," and it recently entered the on-line retail market by buying a third of GetIt. In the first nine months of the year, Tapuz's net profit rose to NIS 2.3m. from NIS 900,000 as revenue rose to NIS 13.7m. from NIS 9.6m., boosted by income from Internet advertising and the provision of content to mobile phones. Clal Finance Underwriters will lead the IPO of Tapuz, which is 87%-owned by Suny Electronic, an importer of Samsung mobile telephones and accessories. Suny's shares rose 2.1% to NIS 19.14 on the TASE following news of Tapuz's IPO.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS