Possible IPO of TAB Gıda In Turkey

TAB Gıda may be offered to the public in Turkey. The company is evaluating the public offering in Borsa Istanbul.

Possible IPO of TAB Gıda in Turkey. TAB Gıda, which suspended its public offering decision in the New York stock exchange in the previous period, is now considering going public in Turkey. According to the information that Bloomberg obtained from sources close to the subject, TFI TAB Gıda Yatırımları A.Ş., the biggest franchise of Burger King, is evaluating options, among which there is an IPO in Borsa Istanbul. Speaking to Bloomberg, some sources stated that going public is one of the options that Istanbul-based TAB Gıda, and that there is an interest of investors from outside Turkey for the company. Stating that the negotiations are continuing, the sources stated that the company has not yet reached a clear decision on which path to take. TFI TAB Gıda did not comment on the issue.   IPO in New York was shelved in 2018 The company, which decided to go public on the New York stock exchange in 2018, shelved this decision after the wave of sales in global markets. If the company applies for an IPO on Borsa Istanbul, this will be recorded as one of the rapidly increasing public offering applications for Borsa Istanbul this year. The company, which operates more than 2,500 restaurants in Turkey and China, is the largest franchise of Burger King globally, according to the information on its website. The company operates more than 1,000 restaurants, including Sbarro, Popeyes and Arby’s. The company's activities, which started in China in 2012, are continuing in more than 150 cities.       Source: Bloomberg HT