Palo Alto Networks Set to Dual-List on TASE, Boosting Israeli Market Cap

Palo Alto Networks, the world's largest cybersecurity company, plans to dual-list on the Tel Aviv Stock Exchange (TASE) following its acquisition of Israeli cybersecurity company CyberArk. Palo Alto's market cap is expected to grow to over NIS 350 billion ($95 billion), making it the largest company traded on the TASE, with a valuation 10 times the average value of a share in the Tel Aviv 35 index. The move aims to strengthen Israel's position as a global cybersecurity powerhouse.