The public offering of Aztek Teknoloji was completed. Aztek Teknoloji’s free float rate was 25 percent and the public offering size was 272.5 million TL. Aztek Teknoloji also broke a new record by reaching the highest demand among the public offerings this year, with a demand of 7.92 billion TL, 29 times the size of the public offering.
Capital Markets Board (CMB) approved the public offering of consumer electronics products distributor Aztek Teknoloji on August 5th.
In the statement made by Deniz Yatırım Menkul Değerler regarding the results of the public offering, it was stated that all shares with a nominal value of 25 million TL, 20 million TL through capital increase and 5 million TL through partner sales, were sold.
In the statement, it was stated that “unfiltered demand was received by individual investors approximately 10.1 times of the final allocation amount, approximately 80.1 times the final allocation amount to high applicant investors, and approximately 14.9 times the final allocation amount to domestic institutional investors.”
“Another strong company is coming to Borsa Istanbul”
Aztek Technology Founder and Vice Chairman of the Board of Directors Hüseyin Ütebay made the following statements regarding the results of the IPO: “We would like to thank all our investors for the intense interest shown in the public offering of Aztek Teknoloji, the distributor of leading brands in the Turkish technology and consumer electronics accessories market. We are excited to have more than two hundred thousand new partners in our regularly growing company, which has different financial performance and profitability ratios with its business model. We have grown steadily and strengthened with our experience of more than 25 years and our world’s leading business partners. We will now grow and become stronger together with our new partners.” said.
Ütebay said, “We are proud that more than 200 thousand investors participated in our public offering, in addition to the 29-fold demand for 7.92 billion TL. We will continue to be worthy of this trust and achieve new successes with our new partners and investors.” he said.