Borsa Istanbul, Turkey: Company goes public and gains 94.7 percent in value in one week
Turkish mining company Tureks Turunç Madencilik, which went public a week ago, gained 94.17% in value in just one week. However, today (November 17), the shares experienced a roughly 4% loss.
The Capital Markets Board had approved the initial public offering (IPO) of Tureks Turunç Madencilik on October 27. The company’s shares were offered to the public on November 2-3.
The shares of the company started trading on November 8 with the code ‘MARBL’ at a price of 10.97 Turkish Liras.
On November 16, MARBL shares reached 21.30 Turkish Liras, marking a 94.17% gain within a week.
Despite the slight decrease today (November 17), MARBL shares are still 86.51% more valuable than their initial trading day.
