Record investor demand for Reeder Technology, which went public, on the stock market

According to the statement made by Reeder Technology, a new record for the number of investors attracted attention in the public offering of Reeder Technology, which was held under the leadership of the Turkish Industrial Development Bank (TSKB) and co-led by Ziraat Yatırım Menkul Değerler and Yatırım Finansman Menkul Değerler.

Reeder Technology’s public offering, which was held on September 13-15 at a price of 9.30 TL per share, received demand from a total of 4 million 262 thousand 914 investors, 4 million 262 thousand 699 of whom were individuals. A new record was set with this number of investors.

5 PERCENT OF Türkiye’S POPULATION BECAME COMMON

According to the data of the Central Registry Agency (MKK), in the week when the number of investors with a share balance reached 7.3 million, Reeder Technology shares were distributed to one of the two existing investors. While the size of the public offering was approximately 2 billion TL, a total of 4 million 208 thousand investors, corresponding to approximately 5 percent of Turkey’s population, became partners of the company. Thus, 25.3 percent of the demand, which was approximately 4 times higher than the total sales, was met. Following the public offering, which was carried out through capital increase and partner sale, Reeder Technology will begin trading on Borsa Istanbul Star Market on September 21 under the code REEDR. A portion of the proceeds from the sale of partners in the public offering will be used in price stabilization transactions for 30 days.

THE NUMBER OF SHARES IN CIRCULATION WILL NOT BE INCREASED DURING ONE YEAR.

After Reeder Technology shares start trading on Borsa Istanbul, no additional sales and/or public offerings will be made that will increase the amount of shares in circulation (including capital increases with or without payment) for 1 year. Company partner Uygar Saral, who offered his shares to the public, made an additional share commitment for the net profit amount and EBITDA amount of 2023 and the EBITDA amount of 2024, which will be calculated according to Reeder Technology’s financial statements audited in accordance with the capital markets legislation.

MONEY ANALYSIS