Israeli Loitering Munition Maker UVision Eyes Nasdaq IPO at $3.5 Billion Valuation
UVision, an Israeli manufacturer of loitering munitions and precision-strike missile systems controlled by businessman Aaron Frenkel, is planning an IPO on the Nasdaq stock exchange targeting a valuation of $3.5 billion. The company is expected to file an initial prospectus next month, with the listing timeline tied to its Q1 financial results.
Highlights
- UVision, an Israeli loitering munition and missile manufacturer, is planning a Nasdaq IPO targeting a valuation of $3.5 billion.
- Businessman Aaron Frenkel is leading the IPO process; an initial prospectus is expected to be filed in July 2026.
- The listing timeline is tied to UVision's Q1 financial results; specific fundraising amounts and share terms have not yet been disclosed.
- Demand for loitering munitions has surged globally since the Russia-Ukraine war, boosting valuations for manufacturers in this sector.
- The Nasdaq listing reflects UVision's strategy to attract U.S. institutional investors and expand its international capital market presence.
Israeli missiles and loitering munitions manufacturer UVision is moving forward with plans to list on the Nasdaq stock exchange in the United States, targeting a valuation of $3.5 billion.
IPO Overview
Israeli businessman Aaron Frenkel is reportedly spearheading the offering. UVision is expected to file an initial prospectus in July 2026, with the broader listing timeline anchored to the company's Q1 financial report. Specific fundraising targets and share issuance terms have not yet been disclosed, but further details are anticipated once the prospectus is made public.
About UVision
UVision specializes in the development and production of loitering munitions — also known as kamikaze or suicide drones — as well as precision-strike missile systems. Its products are designed for high-precision strike missions on the modern battlefield and have attracted significant interest from international defense procurement markets in recent years.
Market Context
Since the outbreak of the Russia-Ukraine war, loitering munitions have assumed an increasingly prominent strategic role in modern warfare, driving up valuations for manufacturers in this segment. A growing number of defense technology companies have been turning to capital markets to fund capacity expansion and accelerate R&D.
UVision's decision to pursue a Nasdaq listing signals a clear intent to access international capital markets and attract U.S. institutional investors — a move that reflects broader momentum among defense-tech firms seeking to capitalize on surging global demand for autonomous strike systems.
Source: Global Defense Corp, June 24, 2026
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