Palo Alto Networks plans dual listing in Tel Aviv after closing $25 billion CyberArk deal

Shares of Nasdaq-listed Palo Alto Networks will also trade on the Tel Aviv Stock Exchange, the cybersecurity firm said on Thursday, after it closed its $25 billion purchase of Israeli peer CyberArk Software.

Following the dual listing, Palo Alto will be the largest company by market capitalization on the ‌TASE, given ⁠that it ⁠is currently valued at $115 billion. The company, however, did not disclose the listing date.

“Listing on the TASE is a powerful tribute to CyberArk’s Israeli roots and our commitment to the local tech ecosystem,” Palo Alto told Reuters in a statement.