Contemporary Glass IPO Reaches 840 Million TL in Size

The initial public offering (IPO) of Çağdaş Cam had a total size of 840 million TL. The company, Çağdaş Cam Sanayi ve Ticaret A.Ş., collected demand at a fixed price of 20.00 TL per share with a nominal value of 1 TL on December 11-12, 2024, using the "Sale on the Stock Exchange - Fixed Price Demand Collection and Sale Method".

It was stated in the announcement: "In the IPO, a total of 42,000,000 TL nominal valued shares were sold, including 31,000,000 TL through a capital increase and 11,000,000 TL through a secondary sale. The total size of the IPO has reached 840,000,000 TL.

In the IPO conducted on Borsa Istanbul's Primary Market using the 'Sale on the Stock Exchange-Fixed Price Demand Collection and Sale' method, no allocation was made based on investor group.

According to the data shared by Borsa Istanbul, based on the total unfiltered data from the IPO, there were requests amounting to 2,247,847,480 TL for the 112,392,374 nominal valued shares, which corresponded to 2.7 times the number of orders submitted (637,038 orders).

As a result of the distribution, shares with a nominal value of 42,000,000 TL were sold to 628,813 investors."