Aksa completes TL400m re-IPO

27 May 2013

Aksa Enerji, the Turkish utility that completed a Tl400m ($216m) re-IPO on Friday, traded 4% above the offer price in the first two sessions this week. The deal attracted a mix of international long-only buyers, domestic funds and international hedge funds, with the top two lines in the book taking 35% of the shares.

The deal attracted a mix of international long-only buyers, domestic funds and international hedge funds, with the top two lines in the book taking 35% of the shares.

It took the free-float from around 5% to 21%, with the company’s majority shareholder selling down its holding from 81.5% to ...

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