What's Your Number? Taking a State-Owned Defense Company Public - with Natti Ginor
11 snips
Jan 28, 2026 Natti Ginor, Managing Director and Head of Israel Investment Banking at Jefferies, explains why Israel Aerospace Industries is being talked about for an IPO. Short takes cover the mechanics of listing, Tel Aviv versus global markets, cultural and governance shifts, union and pricing dynamics, who benefits or loses, and how a public IAI could reshape the defense sector.
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Family Roots At IAI
- Natti Ginor's family worked at IAI across generations, including his grandfather and father who served long tenures.
- This personal history frames his deep connection and perspective on IAI's role in Israel.
Symbol And Commercial Giant
- IAI is both a national symbol and a commercially significant business with around $870m trailing EBITDA.
- That dual identity makes any privatization decision politically and financially complex.
Policy Complexities Shape IPO Choices
- Decisions about an IAI IPO must involve the Ministry of Defense, Ministry of Finance, and Israel Company Authority.
- They wrestle with disclosure, liability, and how to balance security with market demands.