Max Stock Management opened trading this morning on TASE, marking the fifth anniversary of the company’s IPO.

Max Stock is a leading discount retail chain offering a wide range of household products at attractive prices and nationwide coverage. The company was founded in 2004 by Ori Max, who currently serves as its CEO and Director. The chain operates 64 stores across Israel (both company-owned and franchised) under the brands “MAX – Shopping Made Fun” and “Mini Max.”

Max Stock currently has 2,200 employees, and its revenues over the past four quarters reached NIS 1.4 billion.

In 2017, Apax Partners acquired 55% of the company’s share capital for NIS 170 million, based on a Company value of NIS 310 million. In 2020, the company was listed on TASE at a valuation of NIS 1.7 billion. Today, five years after its IPO, the company’s market cap stands at NIS 2.8 billion. Max Stock is included in TASE’s flagship index, TA-125, and since the beginning of 2024, its share delivered a total yield of 200%.

Ori Max, Founder and CEO of Max Stock: “Today, when I look at our 64 stores, our 2,200 employees, and the millions of customers who visit our stores each year - I know that everything ultimately rests on one simple principle: offering the customer the best product at the best price. I started 21 years ago with a single store in Ma’alot, and since then, by working hard, staying humble, and always putting the consumer at the center, we have grown into Israel's leading discount chain. In 2017, Apax Partners joined us, led by Ms. Zehavit Cohen, who has since become a close friend as well as a business partner. The cooperation with Apax Partners helped us boost growth, transforming us into a professionally managed company that implements best practices adopted by global retail leaders, all while preserving the unique organizational culture and DNA that define Max Stock.

Our listing on TASE five years ago also enabled foreign and domestic investors to be part of our success story. I wish to thank our employees, management, Apax Partners, investors, and, of course, our customers - you are the beating heart of Max Stock. We remain committed to growth, innovation, and ongoing excellence.”

Tom Alhadif, Head of Sales and Market Development at TASE’s Economic Department, said at the ceremony: "Max Stock is a great example of an Israeli success story, growing from the ground up to become a market leader. Attracting strong demand from both local and international investors at its global IPO, the company has since delivered outstanding results. Now a member of the flagship TA-125 Index, Max Stock has generated over 100% cumulative yield for its investors since listing. This success is a testament to the value it creates for customers, employees, and the broader economy. I congratulate the entire Max Stock team on these remarkable achievements and wish them continued success and growth, both in business and on the capital market.”

 In the photo: Management and Board of Directors of Max Stock and representatives of TASE (photo: Elad Gutman)