Latham & Watkins Advises on Nayax’s US$93 Million Public Offering

Latham & Watkins has advised Barclays as joint-lead book-running manager, on the underwritten public offering by Nayax Ltd., a global commerce enablement, payments, and loyalty platform designed to help merchants scale their business. The offering consists of 3,130,435 of ordinary shares at a public offering price of US$26.00 per share. The offering is expected to close on March 12, 2024, subject to the satisfaction of customary closing conditions.

Barclays and UBS Investment Bank acted as joint lead book-running managers, and Oppenheimer & Co., William Blair, and Keefe, Bruyette & Woods, A Stifel Company, acted as book-running managers for the offering.

Latham previously advised on Nayax’s initial public offering (IPO) on the Tel Aviv Stock Exchange in 2021.

The Latham team was led by London corporate partner Josh Kiernan, with Tel Aviv associate Gilad Zohari and New York associates Carolina Bernal and Rachel Moore. Advice was also provided on FINRA matters by New York partner Gail Neely.