Ebebek's public offering application

Ebebek Mağazacılık announced that it has filed an IPO application for its shares to be traded on Borsa İstanbul. The global coordinator and book-raising institution of the IPO, Ünlü & Co, announced that the IPO plans to sell 24 million new shares (60 percent of the IPO) and 16 million shares belonging to existing shareholders (40 percent of the IPO). In the event of additional demand, existing shareholders will be able to offer 8 million shares. The company will use the IPO proceeds in domestic and international store and online sales channel investments, renewable energy investments and working capital financing.