Hepsiburada is Offered To The Public On The Nasdaq Stock Exchange

Hepsiburada is offered to the public on the Nasdaq stock exchange. Hepsiburada reached a valuation of 3.9 billion dollars.

Hanzade Doğan Boyner, the founder and Chairman of the Board of Directors of the online shopping platform Hepsiburada.com, stated that the public offering on the Nasdaq stock market was realized at $ 12 per share, and the valuation reached $ 3.9 billion. Doğan said at the press conference, "We will use the public offering income to expand our services not only in Turkey but also in nearby and high-growth markets." and continued: "For example, there are strong markets in the Middle East, North Africa and Eastern Europe."

IPO Size Reached 738 Million Dollars

The public offering size of Hepsiburada, officially known as D-Market Elektronik Hizmetleri ve Ticaret AŞ, of which Franklin Resources Inc. is also a shareholder, and which is the first Turkish company to be publicly offered on Nasdaq, was recorded as 738 million dollars. According to the information provided by the company, Hepsiburada, which has offered 20 percent of its 326 million shares to the public at a price range of 11-13 dollars, will obtain a net 470 million dollars through capital increase.