Paksoy Advises Matriks on IPO on Borsa Istanbul

Paksoy Advises Matriks on IPO on Borsa Istanbul

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Paksoy has advised Matriks Bilgi Dagitim Hizmetleri A.S. and an unidentified underwriter on the initial public offering of Matriks’s shares on the Borsa Istanbul stock exchange.

Matriks is a Turkish provider of data on local and global capital markets to individual and institutional clients. The company is headquartered in Istanbul and currently employs around 150 people.

According to Paksoy, “this was a local IPO targeting Turkish investors, where individual shareholders sold 38.05% of Matriks’s shares along with share buy-back, lock-up, and EBITDA commitments to investors.” Furthermore, according to the firm, “this IPO set the record of the highest book-building in Borsa Istanbul’s history by attracting demand of almost 700,000 investors as of the trading date.”

Paksoy’s team consisted of Partner Omer Collak, Counsel Okkes Sahan, Senior Associate Nazli Tonuk Capan, and Associates Merve Kurdak Kurtdarcan and Bulent Ozturk.