Borsa Istanbul rings the bell for DCT Trading
The ceremony, which marked the start of high-tonnage agricultural commodity trading and investments by DCT Trading, was attended by officials from Borsa İstanbul and DCT Trading, as well as numerous guests.
During the IPO on July 25-26, shares were offered at 14 lira each, resulting in a total sale of shares worth 37.5 million lira and a market capitalization of 525 million lira, with a public float of 28.85%. The IPO attracted 2.41 times the expected demand.
Korkmaz Ergun, General Manager of Borsa İstanbul, stated at the ceremony, "Our esteemed company, with significant experience in the international trade of agricultural products, continuously expands its market network. Today, by beginning to trade on our exchange, it shares the value of this experience with new partners. The revenue from the IPO will be used for investments, helping the company achieve its growth targets more effectively. I extend my gratitude to everyone involved in the IPO, all company employees, and the brokerage firm. I wish the IPO to be beneficial for our capital markets. Welcome to the Borsa family, DCT Trading."
"BECOMING A GLOBAL PLAYER IN THE SECTOR"
DCT Trading Chairman Levent Sadık Ahmet added, "Today, we are opening a new chapter for DCT Trading. With the bell we rang, we become the 544th company to be listed on Borsa İstanbul. We have gained over 400,000 new shareholders with a demand of 2.41 times."
Ahmet emphasized their plans to implement projects across all regions of Türkiye, from east to west and north to south. "With uninterrupted efforts over 20 years, we have become a global player in the sector, exporting and engaging in transit trade with countries like China, Japan, and Vietnam. With the support of our investors, we aim to make our mark with projects and financial solutions based on artificial intelligence, which will contribute to our exports and provide employment," he said.
Highlighting that the funds from investors will be directed towards value-creating physical investments and employment within their field of operations, Ahmet stated, "We had already prepared our investment and strategic plans for the next three years before starting our IPO process, and we are pleased to announce that we have begun working on them. Therefore, our investors who purchased our shares have become stakeholders in this planned journey."
PHOTO: AA
