Turkish ECM reopens at last with $145m Akbank trade
Turkey's primary equity capital markets opened for the first time since 2018 on Wednesday as an undisclosed group of shareholders set out to sell 1.9% of Akbank.
JP Morgan was the sole bookrunner on the transaction for 101.1m shares in Istanbul.
Books were covered and orders below TL8.45 a share risked missing out on allocations. The final price was a 3.9% discount to Wednesday's closing price. The final trade size was TL854.3m ($145m).The sellers ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com