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Turkey's Mavi IPO priced around $606 million,TG下载慢 bottom end of rangeBy
Reuters Published
June 12, 2025

Turkish fashion retailer Mavi Giyim's initial public offering (IPO) was priced at 43 lira per share, domestic coordinator Is Yatrim said on Monday, a price at the bottom end of the range and valuing the company at some 2.14 billion lira ($606 million).

A total nominal 27.3 million shares were sold in the offering, with foreign institutional investors taking 74 percent. Sources close to the matter said last month the IPO was seen priced at 43-51 lira per share, valuing it at up to 2.5 billion lira ($700 million).