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Paksoy Advises on TRY 5.5 Billion Avrupakent IPO

Paksoy Advises on TRY 5.5 Billion Avrupakent IPO

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Paksoy has acted as transaction counsel on the Borsa Istanbul TRY 5.5 billion IPO of the Avrupakent GYO real estate company.

Avrupakent GYO has operated in the Turkish real estate sector for 46 years.

According to Paksoy, “total funds raised in the public offering amounted to TRY 5.508 billion (approximately USD 190 million), and more than 3.7 million investors placed orders. Book building was based on a fixed price of TRY 55.08, and it was 1.47 times oversubscribed.”

The Paksoy team included Partner Okkes Sahan, Senior Associate Merve Kurdak, and Associates Melis Gencol Ince and Bengisu Yilmaz.

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