Paksoy and CMS affiliate Yalcin Babalioglu Kemahli have advised Turkish tile manufacturer Kaleseramik on its IPO and Borsa Istanbul listing.
Kaleseramik was established in 1957. According to Paksoy, the total funds raised in the public offering amounted to TRY 2.73 billion – approximately USD 105 million – and the offering was almost four times oversubscribed, mostly by retail investors.
According to YBK, "with such an impressive debut on the market, the company has established itself as a prominent player and gained the attention of both institutional and retail investors seeking promising investment opportunities."
The Paksoy team included Partner Okkes Sahan, Senior Associate Merve Kurdak, and Associate Bengisu Yilmaz.
The YBK team included Partner Hulya Kemahli, Counsel Arcan Kemahli, and Associate Zeynep Berin Manavgat.
