$738 Million Is Expected From The IPO Of Hepsiburada
$738 million is expected from the IPO of Hepsiburada. The share price is expected to be around 11-13 dollars.
Online shopping site Hepsiburada will offer 56.7 million shares for sale in the Nasdaq public offering. The projected price per share for Hepsiburada is expected to be around 11-13 dollars.
Capital Markets Board (CMB) accepted the public offering of Hepsiburada.com abroad at the end of May.
Morgan Stanley & Co LLC, JP Morgan Securities LLC and Goldman, Sachs & Co LLC will serve as the leading brokerage houses for the Hepsiburada IPO, while BofA Securities Inc and UBS Securities LLC will serve as sub-brokers.
The company was valued between $3.59 billion and $4.24 billion, according to filings submitted to the capital markets regulator in New York.
The First Turkish Company to Be Traded on the Nasdaq Stock Exchange
Hepsiburada is the first Turkish company to be traded on the Nasdaq stock exchange. Hepsiburada has submitted its registration statement to the American Securities and Exchange Commission (SEC) through Form F-1 to offer 56,740,000 Group B shares to the public.