Mey Icki takes shot at $700m as TPG looks for IPO exit
JP Morgan, Goldman Sachs, Credit Suisse and Bank of Bank of America Merrill Lynch are preparing to begin pre-marketing an IPO for Turkey’s largest alcoholic drinks company Mey Icki that could raise $500m-$700m.
The deal, which could value the company at $2bn-$2.5bn, will sell 21.56m secondary shares held by private equity group TPG Capital, giving the company a 25% free float. There is a greenshoe of 2.81m shares, which would take the free float to 28.75%.
A second quarter listing is expected,
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