A Financial Tech Company Will Be Offered To The Public For The First Time In Turkey

A financial tech company will be offered to the public for the first time in Turkey. Matriks Bilgi Dağıtım Hizmetleri AŞ will be offered to the public.

According to the statement made by Matriks Bilgi Dağıtım Hizmetleri AŞ, Matriks Bilgi Dağıtım Hizmetleri, which produces solutions for the market data, news, analysis, order transmission and portfolio tracking needs of individuals, institutions and organizations operating in the field of banking and finance, and software for the infrastructure needs of these companies. Matriks Bilgi Dağıtım Hizmetleri AŞ will be traded on the stock exchange after being offered to the public. While the application made by the company for the public offering was approved by the CMB (Capital Markets Board), the sales price per share was determined as 28 TL in the public offering of the Matriks, where demand will be collected on March 30-31. In the public offering of Matriks, shares corresponding to 38.05 percent of the capital with a nominal value of 7 million 419 thousand 980 TL will be offered to the public.

A Financial Technology Firm Will Be Offered To The Public For The First Time

Cem Tutar, Deputy General Manager of Matriks, who took part in the company's statement, pointed out that a financial technology firm will be offered to the public for the first time and said, “On the first day we were founded 18 years ago, we dreamed of publishing our own data in the stock market. we will also be a strong player. " Stating that Matriks cares about its investors and that they provide commitments to protect the investors, Tutar made the following statements: "We guarantee our investors to buy back for 22 days and that the partners of the company will not sell on the stock exchange for two years. However, if we do not reach the targeted EBITDA levels for two years, we commit our investors up to 20 percent free shares. According to this; For the first year, if we cannot reach 54 million 9 thousand TL, 10 percent, if we cannot reach 30 million TL, we have a 20 percent bonus share commitment. If the target is achieved in the first year, we carry our commitment to the second year, and if we cannot reach the target of 75 million 841 thousand TL, 10 percent, if we cannot reach the figure of 40 million TL, we commit to 20 percent free shares. In addition, as a profit distribution policy, we aim to distribute at least 25 percent of the distributable period profit as dividends. " Explaining that the number of data terminal users increased by 74 percent and the number of mobile products users increased by 183 percent in 2020, Tutar said, “Within the scope of the works we have carried out in the name of institutionalization in the last 4-5 years, we consider the public offering as the biggest step. This process is an extremely important achievement in terms of the permanence of technology companies and being a stakeholder of the sector." Investors will be able to make requests from Garanti BBVA Securities and all brokerage firms with the code "MTRKS.HE" on March 30-31.