Koleksiyon Furniture is getting offered to the public

The application of Koleksiyon Furniture to the Capital Markets Board for the public offering of company shares has been approved. The bid-gathering dates for the IPO of Koleksiyon Furniture have been set as February 24–25.

Speaking at the meeting held regarding the public offering, Koleksiyon Furniture Deputy Chairman Doruk Malhan stated that they have been working on the public offering for more than a year under the leadership of the Oyak Investment consortium.

The public offering will be 25%

According to the information given, shares with a nominal value of 94,373,084 TL will be offered for sale within the scope of the capital increase, and shares with a nominal value of 13,481,868 TL will be offered for sale in the public offering to be held under the leadership of Oyak Investment's consortium.

20 percent of the shares to be offered for sale in the public offering were allocated to domestic individual investors, 30 percent to domestic high-applied investors and 50 percent to domestic institutional investors. The size of the public offering, in which fixed price and best effort mediation methods will be used, is expected to be 156,389,680 TL. The company's shares of 107,854,952 TL will be offered to the public at a price of 1.45 TL per share.

After the public offering, the company's free float rate will be 25 percent. The existing capital before the public offering, which was 337,046,732 TL, will be 431,419,816 TL after the public offering.