HSBC Made A Recommendation For Hepsiburada Stock

HSBC made a recommendation for Hepsiburada stock. HSBC advised investors to 'Buy' Hepsiburada stocks.

Analyst reports have also started to be prepared for Hepsiburada, which started trading at the Nasdaq stock exchange at a price of 12 dollars in July. In HSBC’s report, which gave a 'Buy' recommendation for the stocks, it set the target price for the company as $19. Shares of the company closed Tuesday at $13.07, up 0.85 percent. Hepsiburada shares started to be traded on the Nasdaq stock exchange at the beginning of July at a price of 12 dollars. Hanzade Doğan Boyner said, "We will use the public offering revenue to expand our services not only in Canada but also in nearby and high-growth markets. For example, there are strong markets we can expand in the Middle East, North Africa, and Eastern Europe." The IPO size of Hepsiburada, officially known as D-Market Elektronik Hizmetleri ve Ticaret AŞ and being the first Turkish company to be offered to the public on Nasdaq, was 738 million dollars.