Bank Hapoalim weighs $1 bln IPO for Isracard: Bloomberg

Bank Hapoalim Ltd is leaning toward an IPO for Isracard Ltd rather than a sale or distributing its stake in Israel’s largest credit card business to shareholders, Bloomberg is reporting. An IPO could value Isracard at $1 billion, the story said. Bank Hapoalim is working with Citigroup on options for Isracard, Bloomberg said.