IPO results for Reeder Technology (REEDR), our country’s leading mobile device manufacturer, have been announced. Turkey Industrial Development Bank, which leads the demand collection process, shared last week’s statistics in an official statement.
According to the document shared by TSKB, 4 million 262 thousand investors showed interest in the REEDR public offering. 4 million 200 thousand of the individuals who requested to purchase shares at 9.30 TL became shareholders. Thus, almost 5% of Türkiye’s population became partners of Reeder Technology. The average decrease was 46 lots (427 TL) per person.
Reeder Technology allocated 85% of the 215 million lots it offered to the public to individuals and 15% to domestic institutional investors. Despite the 85% allocated to individuals, the financing provided by this segment to the company covered 51.97% of the total figure. Domestic corporates, which have a 15% area, provided 48.03% financing.
This reveals that institutional investors are showing more interest in the company.
The total size of the public offering process for REEDR was 1 billion 900 million TL.