Aztec entered the stock market with a ‘ceiling’

Aztek Teknoloji, the Turkey distributor of the world’s leading technology and accessory brands such as Apple, Beats by Dr.Dre, JBL, Harman Kardon, Thule, Case Logic and Hama, started to be traded on Borsa Istanbul after the gong ceremony held today. The company, which was offered to the public at 10.9 lira per share, saw a ‘ceiling’ at 11.99 lira with the opening.

Borsa İstanbul A.Ş. In his statement at the gong ceremony, General Manager Korkmaz Ergun said, “Aztek Technology is a pioneering company in the consumer electronics and distribution sector. A company with over a quarter century of highly qualified experience. With this experience, he will contribute to companies developing technology through the venture capital fund he plans to establish. Step by step on the way to institutionalization, Aztek Teknoloji made another important step in this way by going public.

Thus, in addition to its large customer base, it now has a large investor base. Aztek Technology will be included in our indexes such as BIST Bilişim and BIST Technology in our Stock Exchange. In this public offering, Aztek Teknoloji realized a successful public offering with a public offering amount of TL 272.5 million and sales to 200 thousand investors. I would like to thank everyone who contributed to this successful public offering process, all company employees, the intermediary institution. I would like to welcome Aztek Teknoloji to our Exchange family. I wish good luck to our capital markets,” he said.

“We will continue to grow with our investors”

Speaking at the ceremony, Aztek Technology Founder and Vice Chairman of the Board Hüseyin Ütebay stated that they were very pleased with the success of the public offering process and said: I would like to thank our investors once again for their interest. We are passing through a very important turning point in reaching our institutionalization goals. It has also been a process that will contribute to our medium and long-term growth plans. With 25 years of experience in the Turkish technology and consumer electronics accessories market, we will continue to meet the expectations of our consumers with the latest products. We want to make existing and new brand distributorship agreements for new business opportunities, open new stores and invest in companies operating in non-public sectors such as informatics, technology, healthcare, manufacturing and retail through venture capital investment funds. I believe that we will achieve these goals with the trust and support of our new investors. Wherever the world of technology accessories goes and how it evolves in the coming period, we want to be there with our new partners. I wish that our public offering process will be beneficial for all our stakeholders and Borsa İstanbul.

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