InvestCo Holding to Go Public

InvestCo Holding, a company housing leading firms in their respective sectors, is going public. Demand will be collected on 22 February Tuesday and 23 February Wednesday under the ticker INVES.HE, with the offering to be conducted through fixed-price sale method and equal distribution. All investors wishing to participate in the initial public offering can send bids through brokerage firms and banks authorized to trade on Borsa İstanbul (BIST). The company will increase its current paid-in capital of TRY 150 million by TRY 37.5 million, bringing it to TRY 187.5 million. The 37.5 million shares with nominal value subject to the capital increase will be offered for sale at a fixed price of TRY 24. The entire proceeds of the initial public offering, estimated at TRY 900 million, will go into the company's treasury.

Equity of TRY 2.468 billion, net profit of TRY 1.678 billion

InvestCo Holding, which plans to list 20 percent of its shares on the exchange, realized net profit of TRY 1.678 billion for 2021. The company has no financial debt and equity of TRY 2.458 billion. Following the initial public offering, the company's equity will rise to TRY 3.353 billion. Founded in 2011, the company has become one of Turkey's leading investment firms through direct and indirect investments across numerous sectors. Investments include Verusa Holding, Verusaturk Girişim Sermayesi Yatırım Ortaklığı A.Ş., Pan Teknoloji, ENDA Enerji Holding and Investat Holding Limited (London-United Kingdom), with these investments containing companies operating in renewable energy, mining, chemicals, steel, technology and software, venture capital, food and healthcare sectors. The invested companies conduct their operations throughout Turkey and market their products and projects in Europe, the Middle East, Asia, Africa, North and South America.

IPO proceeds to be used for investment

The company, planning to go public within the framework of its growth objectives, will direct all proceeds from the initial public offering towards investment and strengthening its financial structure. In this context, it plans to use 60 percent for financing new investments in the technology and renewable energy sectors that will create employment and generate foreign exchange. The company aims to use the remaining 40 percent of the initial public offering proceeds as capital to strengthen financial structures that will form the basis of its existing investments' growth strategy. In this regard, InvestCo Holding aims to make significant investments in technology and software within Pan Teknoloji, which is among its current investments, and to pursue foreign company partnerships and acquisitions within Investat Holding Limited. The company commits not to undertake any action that would increase the number of shares in circulation, other than free capital increases and dividend distributions, for one year following the initial public offering. InvestCo Holding may also purchase up to 7.5 million shares over a period of 30 days to ensure price stabilization.