A bell ringing ceremony was held at Borsa İstanbul on the occasion of Akyürek Pazarlama’s initial public offering on June 6. Mr. Serdal Akyürek, Akyürek Pazarlama Chairman said, “First of all we want to thank domestic and foreign investors for the interest they have shown in our public offering. Our mission will be to increase our turnover and profit with the funds we raised in the public offering. Our company will continue to create value added to the sector and to create value for the national economy thanks to the great power it has obtained from its shareholders and partners.”
Akyürek Pazarlama started trading on Borsa İstanbul on June 6, following the bell-ringing ceremony held at Borsa İstanbul. Mr. Serdal Akyürek, Akyürek Pazarlama Chairman and Mr. Aydın Seyman, Borsa İstanbul Executive Vice President participated in the ceremony.
Mr. Aydın Seyman expressed his pleasure for Akyürek Pazarlama’s participation in Borsa İstanbul family, and said, “During 2013, 9 companies were offered to the public, in addition to 151 debt securities and 1 Exchange Traded Fund, raising total funds of TL 1.22 billion through equity issues, and TL 24 billion through capital markets instruments issues. Currently, we are examining the applications of a total of 10 companies (4 for the Emerging Companies Market) for equity issues, 30 companies and banks for debt security issues, and one investment company, for a warrant issue. The market capitalization of the companies traded on Borsa İstanbul has reached TL 582 billion as of June 4. Today, the Turkish economy is taking sure steps towards its 2023 targets. I would like to congratulate all companies that have contributed to taking these steps and that have provided added value, and take this opportunity to invite other companies to benefit from the advantages offered by the capital markets.”
Mr. Serdal Akyürek, Akyürek Pazarlama Chairman said that despite the fluctuations in the market, they have realized a successful public offering. Mr. Akyürek indicated their confidence in the Turkish economy and that sales and distribution sector has high growth potential. Mr. Akyürek said, “The increase in fast consumer goods in line with the changing consumer habits is an important indication of the fact that our sector will continue to attract domestic and foreign investors”.
The leading underwriters for the IPO were Vakıf Yatırım and Biz Menkul Değerler. Akyürek Pazarlama announced that equities with a total nominal value of 16,500,000 were offered to the public at a price of TL 2.60/unit, receiving 17.1 million requests. Although no allocation had been made for foreign institutional investors, upon demand, the equities were sold to both domestic institutional and retail investors and foreign institutional investors. No extra sales right was exercised, in favor of investors, and the free-float rate was 35.8%. Akyürek Pazarlama will trade with the ticker code “AKPAZ”.
A leading company in the fast moving product sales and distribution sector, Akyürek Pazarlama reaches 80,000 sales points. Akyürek Pazarlama is one the largest distributors of brands such as Unilever, Algida, Trakya Birlik, Dr. Oetker, Dimes, Fritolay, Marmara Birlik, and Tukas in Turkey, and also carries out the distribution of Dardanel, Fiskobirlik and Evden products all over the country. The Company has recently added Tukaş and Şimşek Büsküvi (Bien) in its sales and distribution network. With its 14 logistics centers, 568 employees, and fleet of 348 vehicles, Akyürek Pazarlama has a gigantic sales and distribution network.
