Palo Alto Networks to list in Tel Aviv after $25B CyberArk acquisition
After closing its $25 billion acquisition of CyberArk, Palo Alto Networks plans a secondary listing on the Tel Aviv Stock Exchange. The dual listing aims to deepen its Israeli market presence and attract local institutional and retail investors to its expanded cybersecurity portfolio.
1. Acquisition Closure
On closing the $25 billion takeover of CyberArk, Palo Alto Networks secured full control of the identity security provider. The deal expands Palo Alto’s cybersecurity suite by integrating privileged access management into its network and cloud offerings.
2. Dual Listing Plans
Palo Alto Networks intends to list its shares on the Tel Aviv Stock Exchange as a secondary venue alongside Nasdaq. The company will submit regulatory filings with Israeli authorities to enable trading in local currency.
3. Strategic Impact
The dual listing targets Israeli institutional and retail investors, leveraging demand for domestic cybersecurity names. This move could boost liquidity in Palo Alto’s shares and reinforce its positioning within Israel’s tech ecosystem.