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High demand for the initial public offering of OYAK Securities

OYAK Securities announced the results of the initial public offering after successfully completing the book-building process between June 2 and 4. The initial public offering was realized through a fixed price book-building method and off board sales. The initial public offering size of OYAK Securities realized as TRY 526 million.

In the initial public offering by OYAK Securities through equal distribution method to domestic individual investors, 50,714 investors requested a share allocated to domestic individual investors, with a nominal value of TRY 9.87 million.

Capital increase and shareholder sales methods were used together in the initial public offering of OYAK Securities. While shares with a nominal value of TRY 5,670,000 were sold through capital increase and shares with a nominal value of TRY 22,530,000 were sold through shareholder sales, shares with a total nominal value of TRY 28,200,000 Turkish lira, corresponding to 30 percent of the total post IPO capital, were offered to the public at the end of the book-building process. As a result, company’s capital increased from TRY 88.33 million to TRY 94 million.

OYAK Securities’ initial public offering demand was 2.1 times of the size of the total shares offered, and all of the shares with a nominal value of TRY 28.2 million were sold. Demand has increased to 3.8 times more than the allocation provided for Domestic Institutional Investors, especially with the great interest from this group.

Of the shares offered to the public, 35 percent were allocated to Domestic Individual Investors, 35 percent to Domestic Institutional Investors, and 30 percent to Foreign Institutional Investors. As a result of the initial public offering, 35 percent of the shares were distributed to domestic individual investors, 41 percent to Domestic Institutional Investors, and 24 percent to Foreign Institutional Investors.

Publicly offered company shares will be traded on the Borsa Istanbul Stars Market at the price of TRY 18.65 with the ticker "OYYAT" in the coming days.