Having completed its initial public offering with strong investor interest, Vişne Madencilik rang the opening gong at Borsa İstanbul. As of 11 February 2025, the Company's shares began trading on the Borsa İstanbul Main Market under the ticker VSNMD.
At Borsa İstanbul, the gong rang for Vişne Madencilik, an Öztüre Holding company with 72 years of experience in the mining sector. Having completed its public offering with investor demand of 1.23 times the offering size, Vişne Madencilik began trading on the Borsa İstanbul Main Market under the ticker VSNMD following today's gong ceremony.
The gong ceremony was attended by Korkmaz Ergun, General Manager of Borsa İstanbul A.Ş.; Cem Öztüre, Chairman of the Board of Vişne Madencilik; Tolga Öztüre; Elif Öztüre; Nurol Şengel, General Manager of Vişne Madencilik; Emre Tezmen, Chairman of the Board of Tera Yatırım; Emir Sarpyener, General Manager and Board Member of Tera Yatırım; Ethem Umut Beytorun, Deputy General Manager for Corporate Finance at Tera Yatırım; as well as Vişne Madencilik employees and many guests.
Korkmaz Ergun, General Manager of Borsa İstanbul A.Ş.,
“Being worthy of our investors' trust will always be our priority”
Noting that the Company had passed another important milestone in its 72-year history, Vişne Madencilik Chairman of the Board Cem Öztüre said: “At Vişne Madencilik, we are delighted to have completed our public offering with strong interest, particularly from individual investors. Receiving such interest has been a source of motivation for our future goals. We are now a large family with hundreds of thousands of shareholders. As we continue on our path as a more institutional, transparent and publicly listed company, being worthy of our investors' trust will always be our priority. We are a company that continues to invest, and the proceeds from the public offering will provide funding for our investments. Our public offering will undoubtedly enable us to reach our goals faster. By bringing our investments into operation, we aim to continue our sustainable growth and further increase the value we create for our country and our new shareholders. To this end, we will continue to work with all our strength in the period ahead, just as we have until now.”
“Investor interest is a clear indication of confidence in the Company's strength and growth potential”
Stating that they are proud to have contributed to the success of the public offering, Emir Münir Sarpyener, General Manager and Board Member of Tera Yatırım, said: “With a lime production capacity of 810,000 tonnes per year, Vişne Madencilik holds a leading position in the regions where it operates. As the second-largest producer in Türkiye, it has a strong position in the sector. As we celebrate bringing such a strong company to Borsa İstanbul today, we believe that a very valuable step has also been taken towards further strengthening Türkiye's robust economic infrastructure, enabling growth in the mining sector and providing funding for sustainable and innovative projects. The Company's plan to use its IPO proceeds for its investments, its growth targets in international markets, and its aim to increase its export share by focusing on high value-added products — particularly through projects in Africa, the Americas, Syria and the Middle East — are factors that reinforce our confidence in the Company. The interest investors have shown in Vişne Madencilik is a clear indication of their confidence in the Company's strength and growth potential. We would like to take this opportunity to thank all investors who placed their trust in the Company and in us by participating in this public offering.”