Vişne Madencilik successfully completes its initial public offering
The results of the public offering of Vişne Madencilik, an Öztüre Holding company with 72 years of experience in the mining sector, have been announced. Expressing pride and happiness at having successfully completed the public offering, Vişne Madencilik Chairman of the Board Cem Öztüre said: “We would like to thank all our investors who believe in the future of Vişne Madencilik and have become our shareholders, first and foremost our more than 228,000 individual investors. As our family grows even larger with our investors in this new era, we are aware that our responsibilities have also increased. Just as we have until now, we will continue to work with all our strength in the period ahead to create greater added value for our country and our investors.”
The book-building process for the public offering of Vişne Madencilik, an Öztüre Holding company with 72 years of experience in the mining sector, has been successfully concluded. Carried out on 3, 4 and 5 February 2025 at a fixed price of TRY 37.44 per share through a consortium of 41 intermediary institutions led by Tera Yatırım, the public offering had a total size of TRY 898,560,000, and the Company's free float ratio stood at 20.51%.
Investor demand for the shares with a nominal value of TRY 24 million offered in the Vişne Madencilik public offering reached approximately 1.23 times the offering size. The shares were allocated to a total of 228,459 investors: 228,291 domestic individual investors, 10 high-application investors, 140 investors from among group employees, 17 domestic institutional investors and 1 foreign institutional investor. The final allocation ratios were 59.47% for domestic individual investors, 23.31% for the high-application investor group, 0.32% for group employees, 12.27% for domestic institutional investors and 4.63% for foreign institutional investors.
“With the strength we draw from our investors, we aim to increase our profitability”
Expressing pride and happiness at having successfully completed the public offering, Vişne Madencilik Chairman of the Board Cem Öztüre said: “We would like to thank all our investors who believe in the future of Vişne Madencilik and have become our shareholders, first and foremost our more than 228,000 individual investors. Receiving such interest from individual investors has been a source of motivation for our future goals. As our family grows even larger with our investors in this new era, we are aware that our responsibilities have also increased. Just as we have until now, we will continue to work with all our strength in the period ahead to create greater added value for our country and our investors. With the strength we draw from our new shareholders, we will move towards our future goals with even stronger steps.”