Turkish non-bank financial institution Ulusal Faktoring successfully completed an initial public offering (IPO) and was listed on Borsa Istanbul on 11 November 2021. The IPO was significantly oversubscribed.

Shares with a nominal value of TRY 48,5 million have been offered to public through a book building with a single offer price, which also included secondary shares held by the existing shareholder.

Paksoy is pleased to announce that the capital markets team led by partner Ömer Çollak together with counsel Ökkeş Şahan, and associate İrem Uysal acted as legal counsel to the shareholder in this project.

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