Paksoy has advised Turkish industrial textile company Isbir Sentetik Dokuma Sanayi on its TRY 368 million initial public offering and listing on Borsa Istanbul.
According to Paksoy, primary and secondary shares corresponding to a total of more than 20% of Isbir Sentetik shares were sold to Turkish institutional and retail investors. "The IPO was significantly oversubscribed and attracted very strong demand from investors," the firm informed.
Established in 1968, the Isbir Sentetik industrial textile company has a customer portfolio in the chemical, food, pharmaceutical, and agriculture sectors, and provides alternative supply opportunities from Turkey and India.
The Paksoy team was led by Partner Omer Collak and included Counsel Okkes Sahan, Senior Associate Merve Kurdak, and Associate Bulent Ozturk.