Businessmarkets
Civan Lasers Plans Tel Aviv IPO at Over NIS 1 Billion Valuation
Civan Lasers, an Israeli advanced laser technology company, is preparing for an initial public offering (IPO) on the Tel Aviv Stock Exchange (TASE). The planned valuation is reported to exceed NIS 1 billion ($270+ million), reflecting substantial market interest in its military and industrial capabilities. The firm's flagship dynamic beam laser technology is notably integrated into Israel's Iron Beam air defense system, designed to intercept rockets and drones. Beyond defense applications, Civan's high-power lasers are widely utilized in civilian sectors including heavy industrial manufacturing, automotive engineering, and material processing.