Emlak close to launch
Emlak Konut, a subsidiary of the Housing Administration of Turkey, could launch its IPO as soon as Monday as the pre-marketing comes to a close. The all-primary share sale is expected to put around 25% of the company into free float after a 10% greenshoe and the company has assets of around Tl4.5bn ($3.2bn), according to Turkish press reports. The deal will have a minimum 20% retail component and as much as 25%. UniCredit is managing the deal.
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