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Egemenoglu Advises Escar on IPO in Turkey

Egemenoglu Advises Escar on IPO in Turkey

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Egemenoglu has advised Escar Turizm Tasimacilik Ticaret A.S. on the TRY 165 million initial public offering of its shares on Borsa Istanbul. 

Escar is a Turkish provider of fleet rental and leasing, as well as vehicle retail services. 

According to Egemenoglu, the nominal value of the shares is TRY 11 million, with the issued capital ratio following the IPO estimated at 20.26%. In addition, according to the firm, while the nominal value of one share was TRY 1, the selling price was set at TRY 15, thus the total initial public offering size is estimated at TRY 165 million. Furthermore, according to Egemenoglu, “a total of 29,810 investors, including 29,678 domestic natural and legal person investors, 63 foreign natural and legal person investors, 67 domestic institutional investors, and 2 foreign institutional investors, purchased shares” in Escar's IPO.

Egemenoglu’s team consisted of Senior Associates Efra Aydin Can and Ayse Derya Elcin.

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