The Initial Public Offering of Astor Enerji A.Ş. has been completed. Shares offered to the public listed on BIST STARS with a base price of 12.5 TL, the ticker code “ASTOR” and the continuous trading method as of January 18, 2023.
In his address at the Opening Bell Ceremony, Korkmaz Ergun, the CEO of Borsa İstanbul A.Ş., stated the following:
Today, I welcome you all to your home, to the Opening Bell Ceremony hosted by our Exchange as we celebrate the listing of Astor Enerj at our Exchange.
With the high IPO demand, Astor Enerji launched an outstanding IPO with an IPO revenue of 2 billion 625 million TL and sales to 691 thousand investors. On this occasion, I would like to extend my thanks to everyone who contributed to this successful IPO process, all company employees and the intermediary institution.
Astor Enerji will use the IPO revenue for working capital and to increase its capacity as well as to invest in solar power plants and charging stations for electric vehicles.
We are extremely pleased that Astor Enerji, which is listed on the Istanbul Chamber of Industry (ICI) 500 list with forty years of industrial experience in its sector, has joined the Borsa İstanbul family. I would like to welcome this outstanding company to our Stock Exchange. I wish this IPO to be auspicious for our capital markets.”