Istanbul welcomes foreign first in DO & CO

03 Dec 2010

DO & CO Restaurants & Catering, the Vienna-based airline and events catering firm, has become the first foreign company listed on the Istanbul Stock Exchange — opening a new front in the battle for listings among emerging European bourses.

It is the second success for Istanbul in a week following the $718m IPO of government-backed Reit Emlak Konut (see below).

DO & CO completed an eight times covered Eu68m rights issue and placing on Monday, and began trading on Thursday up 10% from its listing price. The stock ...

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