Israel is considering an initial public offering (IPO) route in the United States for major state-owned defence companies IAI (Israel Aerospace Industries) and Rafael, according to reports from Business Line and Business Standard. The government is assessing whether an overseas listing could be used as part of plans to reduce its holdings. Both outlets say Israeli officials and representatives from the companies are expected to travel to the U.S. in July to explore possible IPO structures and options.
The coverage also notes that the government is preparing to divest stakes of up to 30% in the defence firms. The proposal is framed as a government-led review of how to manage ownership and raise capital, with the IPO approach being one of several factors under consideration. The reports do not provide details on valuation targets, timing beyond the July discussions, or whether the government will ultimately proceed with a U.S. listing.
Overall, the information points to early-stage planning and discussions focused on potential U.S. market access for IAI and Rafael, alongside a partial sale of government stakes.
