Postponed due to the pandemic, the bell ringing ceremony of the successful IPO of OYAK Yatırım A.Ş. on June 2-3-4, 2021 was held at Borsa Istanbul. OYAK Securities, which began trading on the Stock Exchange on June 10, had a determined IPO size of TRY 526 million.
The bell ringing ceremony of OYAK Securities at Borsa Istanbul was held at Borsa Istanbul with the participation of Borsa Istanbul A.Ş. General Manager Korkmaz Ergun, OYAK Finance Sector Group President Emrah Silav, and OYAK Securities General Manager Erkan Ünal.
Borsa Istanbul A.Ş. General Manager Korkmaz Ergun stated that brokerage houses are Borsa Istanbul's most important business partners and stakeholders and added, “During the pandemic, we continued to provide all services as Borsa Istanbul uninterruptedly together with brokerage houses. Our sector had a very serious test and managed to quickly adapt to changing conditions. I would like to thank our brokerage houses for their dedication and hard work. I would like to take this opportunity to congratulate everyone who contributed to the OYAK Securities’ IPO.”
OYAK Finance Sector Group President Emrah Silav: “We have completed a very successful IPO”
OYAK Finance Sector Group President Emrah Silav said, “OYAK Securities has a 40-year history and experience. We have increased our return on equity from 21 percent to 54 percent in the past four years, especially thanks to the vision and determination provided by OYAK to us in the past five years. Significant sustainable growth has been achieved with our ever-increasing collaborations and diversifying products. I would like to thank OYAK General Manager Süleyman Savaş Erdem, who initially presented this vision to us, and all our investors who participated in our public offering.”
Silav pointed out that OYAK Securities has initiatives that go beyond the operations of a standard investment company, and said, “We have initiatives ranging from global insurance brokerage activities to financial technology. The venture capital in the finance and insurance industry will be an important area to focus on, with the resources we have acquired following the IPO.”
OYAK Securities General Manager Erkan Ünal: “We will ensure our investors make money with a variety of service features”
OYAK Securities General Manager Erkan Ünal said, “We received more than two times the demand for the IPO of TRY 526 million. The number of demands from corporate investors, which we consider to be particularly important, has reached 3.8 times. We are aware that our responsibilities have increased one-fold. We are the only brokerage house that has the opportunity to offer many products operating in different branches such as insurance and investment funding under a single roof, as well as brokerage services with 40 years of experience. We will take our company to the next level with new projects and create significant gains for our investors. I would like to thank all of our individual and corporate investors.”