We are proud to have acted in the IPO of Avrupakent GYO A.Ş. (“Avrupakent GYO”) which has operated for over 46 years in the real estate sector.
Total funds raised in the public offering amounted to TRY 5.508 billion (approx. $190 million) and more than 3.7 million investors placed orders. Book building was based on a fixed price of TRY 55.08 and it was 1,47 times oversubscribed. IPO of Avrupakent GYO has been one of the largest public offerings in Türkiye in the recent period.
Paksoy team led by partner Ökkeş Şahan, together with senior associate Merve Kurdak, and associates Melis Gençol İnce and Bengisu Yılmaz, acted as transaction counsel in this IPO.
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