Sumer Asset Management IPO Results Revealed: How Many Investors Participated?

The public offering of Sümer Asset Management Inc. shares was conducted on December 12-13, 2024, on the Borsa Istanbul Primary Market using the "Sale on the Exchange - Fixed Price Demand Collection and Sale Method." During this process, a total of 28 million nominal shares, consisting of 18 million shares with a nominal value of 18 million TL issued due to the company's increased capital from 100 million TL to 118 million TL and an additional 10 million shares with a nominal value of 10 million TL owned by ASV Holding Inc., were offered to the public. The offering price was set at 22 TL per share with a nominal value of 1 TL, resulting in a total public offering size of 616 million TL.

Since the public offering was made using the "Sale on the Exchange - Fixed Price Demand Collection and Sale" method, no allocation was made to investor groups. According to data published by Borsa Istanbul, unfiltered total demand reached 960,809,366 TL with 396,748 orders for 43,673,153 nominal shares. After filtering duplicate requests, shares valued at 28 million TL nominal were sold to 392,596 investors. How was the investor distribution for the Sümer Asset Management public offering? Within the scope of the public offering of Sümer Asset Management Inc., participation from different investor groups was ensured. A total of 391,702 domestic individual investors, 14 domestic institutional investors, 877 foreign individual investors, and 3 foreign institutional investors were sold 28 million TL nominal shares, demonstrating interest from both individual and institutional investors in Sümer Asset Management Inc.

Without any allocation made for investors, the shares were distributed based on market demand at the end of the demand collection process. With 392,596 participants in the public offering, an average distribution of 72 lots of shares valued at approximately 1,584 TL per investor will take place. Participation in the public offering of Çağdaş Cam exceeded 600,000. According to reports, the public offering of another company, Çağdaş Cam Sanayi ve Ticaret A.Ş., which was offered last week, was distributed to 628,813 investors. While all shares with a nominal value of 42,000,000 TL were sold, the total public offering size reached 840,000,000 TL.

In the latest statement, it was announced that shares of Çağdaş Cam would start trading on the Main Market at a base price of 20 TL under the code "CGCAM.E" and through continuous trading method starting from Tuesday, December 17.