Turkey’s Hepsiburada.Com Valued At $3.9bn In Nasdaq IPO
Jul 2, 2021 ·
5m 18s
Hepsiburada.com was valued at $3.9 billion in its initial public offering on Nasdaq, the first such listing on the exchange by a Turkish firm. Hanzade Dogan Boyner, the founder and...
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Hepsiburada.com was valued at $3.9 billion in its initial public offering on Nasdaq, the first such listing on the exchange by a Turkish firm.
Hanzade Dogan Boyner, the founder and chairwoman says the company sold shares at $12 apiece and is planning to use the proceeds to offer additional services such as booking flights and money transfers.
She says they are aiming to use the proceeds to expand our services not only in our home market of Turkey but also in nearby and high-potential markets.
The company says it sold shares worth $738 million, or 20% of the total shares, in the offering, and will receive a net of $470 million through its rights issue.
show less
Hanzade Dogan Boyner, the founder and chairwoman says the company sold shares at $12 apiece and is planning to use the proceeds to offer additional services such as booking flights and money transfers.
She says they are aiming to use the proceeds to expand our services not only in our home market of Turkey but also in nearby and high-potential markets.
The company says it sold shares worth $738 million, or 20% of the total shares, in the offering, and will receive a net of $470 million through its rights issue.
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