Cellcom Israel, the leading provider of cellular services in Israel, priced 20 million shares, 1 million more than expected, at $20, an 18% premium to the midpoint of its proposed $16 to $18 range, on Monday night. All shares sold in the offering were from insiders. Goldman Sachs, Citigroup and Deutsche Bank were joint book runners on the deal. The stock is expected to begin trading on the NYSE under the ticker CEL on Tuesday.
