Vakıf Faktoring's Initial Public Offering: Opportunities Awaiting Investors

Vakıf Faktoring is Going Public

The public offering of Vakıf Faktoring has been approved by the Capital Markets Board (CMB). This public offering, which has many features that stand out for investors, will allow us to take a closer look at the company's general structure and business model.

What Does Vakıf Faktoring Do?

Founded in 1990, Vakıf Faktoring is a pioneer in the factoring sector in Turkey. It has a strong structure formed by the collaboration of T. Vakıflar Bankası and other foundation companies. As a member of FCI (Factors Chain International) and the Association of Financial Institutions, it has adopted the principle of being a reliable financing solution provider.

Public Offering Details

The public offering price of Vakıf Faktoring has been set at 14.20 TL. The estimated size of the public offering is 3.2 billion TL. The determined public float rate will be %25, and a total of 225 million shares will be offered to investors.

Timing and Symbols of the Public Offering

The date for the Vakıf Faktoring public offering will be finalized after the approved prospectus is published. The stock code designated for the public offering has been announced as “VAKFA”.

Financial Strength and Use of Proceeds

As of 2024, Vakıf Faktoring is projected to record a gross profit of 1.1 billion TL. The company plans to use 100% of the proceeds from the public offering to finance factoring transactions. Additionally, it is aimed that the public offering will be distributed equally to individual investors.

Brief Summary

The public offering of Vakıf Faktoring is considered an important step in Turkey's dynamic factoring sector. Potential investors should carefully monitor the opportunities offered by the company.