Israeli lender Bank Hapoalim intends to list shares of its credit card unit, Isracard, on the Tel Aviv Stock Exchange.
The company said that it will hold a road show with backers in the coming weeks, with a subsequent offering dependent on demand.
Isracard is valued at 3 billion shekels ($828 million) but could secure a higher amount.
The sale will be for around 50 percent of Isracard’s shares. A single backer would need to own at least 30 percent to get a control permit from the Bank of Israel.