IC Power Planning IPO at Up to $2 Billion Company Valuation

Idan Ofer has just under a 50% stake in Kenon Holdings, which owns the profitable energy subsidiary IC Power.

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IC Power, a wholly-owned energy subsidiary of Kenon Holdings, plans an initial public offering in the United States late this year or in early 2016 at a company valuation of $1.75 billion to $2 billion. The...