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Mega Metal goes public

Mega Metal, a leading manufacturer of copper wire in the European and Turkish markets, has commenced an IPO process. So, when does the public offering begins...

Mega Metal goes public

In the public offering, which will continue until December 8 by ''A1 Capital Yatırım Menkul Değerler AŞ'' with the code MEGMT, Mega Metal's share price was determined as 28.3 Turkish Liras.

The distribution of the shares to be offered to the public is as follows: 75 percent to individual investors, 24 percent to domestic institutional investors and 1 percent to company employees, while the total size of the public offering is planned to be 1 billion 725 million Turkish Liras.

Mega Metal Chairman Cüneyt Ali Turgut emphasized their leadership in copper wire production and stated that they aim to further reinforce the company's strong position in the global market. Turgut also stated that they will direct a large portion of the proceeds from the public offering to organic or inorganic growth, working capital and renewable energy projects. Mega Metal is also evaluating global expansion strategies, including plans to establish or acquire a new company in the American market.

How many lots will Mega Metal give?

The possible distribution table according to the number of individual investors' participation numbers are as follows:

2 million participants:    24 lots (680 Turkish Liras)

2.5 million participants: 20 lots (566 Turkish Liras)

3 million participants:    16 lots (453 Turkish Liras)

3.2 million participants: 15 lots (425 Turkish Liras)

3.5 million participants: 14 lots (396 Turkish Liras)

4 million participants:    12 lots (340 Turkish Liras)

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