Palo Alto Networks Plans Tel Aviv Dual Listing After Closing CyberArk Deal

Palo Alto Networks will list on the Tel Aviv Stock Exchange after its $25 billion purchase of CyberArk. The move makes it the largest firm on the local market.

Insights:
Palo Alto Networks, Inc. today completed its $25 billion acquisition of CyberArk Software Ltd. , a transaction that was finalized on February 12, 2026. Following the close of the deal, the company announced plans to dual-list its shares on the Tel Aviv Stock Exchange. This move is expected to make the firm the largest company by market capitalization on the Tel Aviv Stock Exchange, based on its stated $115 billion valuation.
A Palo Alto Networks logo is seen in this illustration taken August 18, 2025. REUTERS/Dado Ruvic/Illustration
A Palo Alto Networks logo is seen in this illustration taken August 18, 2025. REUTERS/Dado Ruvic/Illustration
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