Paksoy advises in IPO of Matriks

Turkish FinTech company Matriks Bilgi Dagitim Hizmetleri A.S. (“Matriks”), whose software services are very well-known by the persons, professionals and institutions active in banking and finance industry, successfully completed an initial public offering (IPO) and was listed on Borsa Istanbul. This was a local IPO, targeting Turkish investors where individual shareholders sold 38.05% of Matriks shares along with share buy-back, lock-up and EBITDA commitments to investors.

Matriks is trading on Borsa Istanbul as of 6 April 2021 under the symbol of “MTRKS”. This IPO set the record of the highest book-building in Borsa Istanbul’s history by attracting demand of almost 700,000 investors as of the trading date. Strong and record level of investor demand is a good sign to increase the depth of Turkish capital markets and is a clear indication of investors’ trust and confidence in Matriks.

Paksoy is pleased to announce that the capital markets team led by Omer Collak (Partner) together with Ökkeş Şahan (Counsel), Nazlı Tönük Çapan (Senior Associate), Merve Kurdak Kurtdarcan (Associate) and Bülent Öztürk (Associate) acted as transaction counsel in this project.