A bell-ringing ceremony was held at Borsa İstanbul for Tuğçelik Alüminyum ve Metal Mamülleri Sanayi ve Ticaret Anonim Şirketi, which offered 23.33% of its shares to the public. Tuğçelik Aliminyum will be traded on the Second National Market.

A bell-ringing ceremony was held at Borsa İstanbul on the occasion of the public offering of Tuğçelik Alüminyum ve Metal Mamülleri Sanayi ve Ticaret Anonim Şirketi, which was founded in 1988 for flat sheet metal trading. In addition, the Company has recently signed a number of agreements to produce aluminum cast for the major manufacturers of the automotive and white goods sector, and continues to grow.

Borsa İstanbul Executive Vice President Aydın Seyman and  Tuğçelik Board Member and CEO Burak Nergiz participated in the bell-ringing ceremony.

In his speech, Borsa İstanbul Executive Vice President Aydın Seyman said that during 2014, a total of 7 companies including Tuğçelik and 3 companies that offered their shares in the Emerging Companies Market went public in addition to the public offering of 203 debt instruments. Seyman said that the total amount of funds raised through equity and debt securities public offerings reached, respectively, TL 111 million and TL 29 billion.

Noting that the applications of a total of 16 companies, including 9 for the Equity Market are currently examined, Seyman added, “Currently, we have 421 companies traded on Borsa İstanbul, including Tuğçelik. The market capitalization of Borsa İstanbul stands at nearly TL 563 billion”.

Tuğçelik Board Member and CEO Burak Nergiz expressed their pleasure for having successfully completed the public offering process with 23.33% of the Company shares on June 10-11, adding that they are ready to head towards the future with new shareholders.

Tuğçelik invites all companies to the IPO Campaign in order that they can view the future more confidently and more hopefully

Burak Nergiz said, “I would like to thank all the institutions that supported us during the public offering process, and especially Tuğçelik staff. Following the public offering, we are now on a new path, with a stronger financial structure, corporate governance and transparency. We are well aware of our responsibilities, and head towards the future more confidently and more hopefully. We would like to invite all institutions that share this view to the IPO campaign”.

Tuğçelik Alüminyum started being traded on the Second National Market with the ticker code “TUCLK” at a price of TL 4.