IPO/Equity Capital Markets Deal of the Year” goes to Şok

The public offering of Şok Marketler A.Ş. (Şok), where ÜNLÜ & Co acted as one of the joint global coordinators, has won the “IPO/Equity Capital Markets Deal of the Year” by “Bonds & Loans Awards”, one of the most prestigious awards in the Turkish financial market.

The public offering of Şok, one of the leading companies in Turkish retail sector with its low-price policy and extensive store network, won the “IPO/Equity Capital Markets Deal of the Year” award at the Global Financial Conferences’ “Turkey Bonds & Loans Awards”. Turkey’s leading investment services and asset management group ÜNLÜ & Co was one of the joint global coordinators of 538 million US dollars sized public offering.

During the ceremony, held in İstanbul on February 21st 2019, Şok CEO, Uğur Demirel expressed his delight over the recognition of ŞOK IPO’s success. “Strong interest from local and international investors demonstrate trust in the Turkish economy, our sector and our company. Despite challenging market conditions, we successfully completed the IPO through determination and hard work of our team and our advisors. In one of Turkey’s largest public offerings of the last decade, we were able to raise 2,3 billion TL. This transaction also underlined investors’ trust in our country's long-term growth potential. The IPO, which was predominantly placed with international institutional investors, brought in substantial amount of foreign capital at a time, most needed. We will continue to work hard to achieve our ambitious targets of transforming the Turkish retail market."

Mahmut L. Ünlü, Chairman and CEO of ÜNLÜ & Co, the only Turkish global coordinator of last decade’s largest public offering said “In the 538 million US dollars public offering of Şok, foreign capital inflow accounted for 457 million US dollars. During the public offering, 85% of shares offered to the public were sold to international institutional funds from a diverse investor base. The investors who contributed the most to the transaction were all reputable international funds with long term investment horizons. As ÜNLÜ & Co, we aim both to attract direct foreign investments into our country, as well as to introduce successful Turkish companies to global funds through our equity capital markets platform. We want to underwrite investments that are going to bring added value to the Turkish economy and to contribute to our country's sustainable growth in the future.

About ÜNLÜ & Co:

Established as an independent financial advisory firm in 1996, ÜNLÜ & Co, is now Turkey’s leading investment services and asset management group.

ÜNLÜ & Co, Turkey’s market leader in mergers and acquisitions, strategic partnerships, primary and secondary public offerings and block sales, also provides debt markets advisory services to its corporate clients. The Group also offers tailor-made investment propositions and a wide range of investment solutions to individual investors through its DAHA Investment Advisory and Brokerage Services platform.

On the Asset Management Services front, the Group advises or manages mutual fund, alternative asset funds and non-performing loan portfolios.

ÜNLÜ & Co is headquartered in Istanbul with offices in New York and Singapore and employs over 350 people.

ÜNLÜ & Co in Figures:

  • Over USD 9,6 billion with 56 M&A transactions closed since 2010. (Source: Mergermarket)
  • 31 transactions in public offerings, private placement and block sales and a trade volume of USD 3 billion since 2010; leadership in the market with a 30% market share in stock placements since 2010 excluding privatizations and intra-group transactions. (Source: Bloomberg)
  • 17 debt instruments under written since 2013.(Total volume equals TRY 1.7 billion) (Source: Borsa Istanbul)

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