Tel Aviv Stock Exchange automates IPO process with Nintex
Nintex partner K2 Israel delivers low-code delivers solution resulting in significant time and cost savings
Each year, the Tel Aviv Stock Exchange handles over 1,000 applications for the registration of securities for trading through Initial Public Offerings (IPO), secondary offerings, rights offerings, and private placements. To date, applications have been processed manually by submitting prospectus drafts, shelf offers, and private allocations.
Managing the registration process for an IPO is a complex process, which begins with a company preparing for an IPO. There are many parties involved in the process – lawyers, underwriters, the company, the stock exchange, and the stock exchange clearing house.
In collaboration with Nintex partner K2 Israel, the Tel Aviv Stock Exchange has launched an innovative digital system for registering issues. The system is a unique service that automates the IPO process to allow companies to act quickly and accurately, with the ability to control communications between all involved parties.