Paksoy has advised Turkish baby goods retailer Ebebek Magazacilik on its TRY 1.86 billion IPO.
Ebebek Magazacilik operates an online shopping site and stores. According to the firm, the offering was significantly oversubscribed by investors and amounted to roughly USD 70 million. The company has been trading on Borsa Istanbul’s Star Market since September 7, 2023.
"This transaction marks a relative sign of interest from a significant number of international investors in Turkish shares after a long period," Paksoy reported.
The firm's team was led by Partner Omer Collak and included Associate Bulent Ozturk.