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Paksoy Advises Eksun Gida on IPO

Paksoy Advises Eksun Gida on IPO

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Paksoy has advised Turkish flour producer Eksun Gida on its TRY 980 million IPO on Borsa Istanbul's Star Market.

Eksun Gida is an agriculture sector company that owns and operates the Sinangil brand.

According to Paksoy, “more than 1.2 million investors placed orders – this is a record number in the history of Borsa Istanbul. The book building was based on a fixed price of TRY 48.90 and it was 15 times oversubscribed on average. The company is trading on Borsa Istanbul’s Star Market as of March 24, 2023. Eksun Gida raised TRY 980 million in this IPO which will partly be invested in renewable energy to meet the energy needs of its factories.”

Paksoy’s team included Partner Omer Collak, Senior Associate Merve Kurdak, and Associates Melis Gencol Ince and Bengisu Yilmaz.

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