Published On: Sun, Jul 17th, 2016

Roman Abramovich, Oded Kobo’s Shellanoo Set for TASE IPO

The Israeli company develops apps for smartphones and online services.

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Roman Abramovich,   Oded Kobo - source company website

 

Sources inform “Globes” that Poalim IBI Underwriting and Investments is set to lead an IPO by Roman Abramovich and Oded Kobo’s Shellanoo Group, which is developing apps for smartphones and online services. Shellanoo is planning to raise tens of millions of shekels. The lawyer for the offering is Adv. Israel Shimonov.

The media recently reported that Abramovich and Kobo were interested in acquiring Golan Telecom Ltd. from Michael Golan, whose deal to sell the company to Cellcom Israel Ltd. did not go through.

Oded Kobo founded Shellanoo in 2014. The son of businessman Bebo Kobo, he is described on the company website as “an acclaimed Internet entrepreneur and businessman with over 20 years of experience and success in the sector.” The website adds, “Over the last two decades, his business interests have ranged from telecom to Internet to private equity to property, with over $1 billion in exits.” The company has several dozen employees in its Herzliya offices.

Read the full story at Globes, by Shai Shalev

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