KEY POINTS
  • The announcement came as the Israeli bourse announced the pricing of a secondary offering of 18.5% of its market value.
  • Bill Ackman, the CEO and founder of New York-based Pershing Square Capital Management, has been a vocal supporter of Israel particularly since the Oct. 7 Hamas-led terror attack.
  • Ackman describes himself as both pro-Palestinian and pro-Israeli, saying in late October that "it is not inconsistent to be pro-Israel and pro-Palestinian."
Neri Oxman and Bill Ackman attend Legion of Honour Award Ceremony and Dinner for Olivia Tournay Flatto at the Park Avenue Armory on October 19, 2022 in New York City.

Hedge fund billionaire Bill Ackman and his wife Neri Oxman are buying a nearly 5% stake in the Tel Aviv Stock Exchange, the bourse reported in a press release Wednesday.

The announcement came as the Israeli exchange announced the pricing of a secondary offering of 17,156,677 shares, or 18.5% of its market value, priced at 20.60 shekels ($5.50) per share, putting Ackman and his wife's purchase at about $25 million, according to CNBC calculations.