Koroplast Begins Trading on the Stock Exchange

Koroplast successfully completed its initial public offering and began trading on the exchange with a gong ceremony. During the demand collection period held between 20-22 July, 114,886 investors participated in Koroplast's IPO, with shares receiving 6.84 times oversubscription, bringing the total IPO size to TRY 367,380,000.   Koroplast General Manager Bekir Türkoğlu expressed his satisfaction with the level of interest shown during the demand collection process: "We are pleased with the successful outcome of the IPO process. The success we have achieved demonstrates the confidence investors have in Koroplast's vision, future targets and performance. Motivated and strengthened by the high demand from investors in the IPO, and with the support of our principal shareholder Korozo, Koroplast will continue its more than 40 years of experience, corporate governance principles and transparency as a publicly listed brand. We will continue to develop ourselves with the confidence we receive from our consumers and maintain our leadership position through increasing success." Yapı Kredi Yatırım General Manager Yılmaz Arısoy made the following comments regarding the IPO: "We have successfully completed the IPO of industry leader Koroplast with broad investor participation. We were delighted by the strong interest shown by both retail and institutional investors in the offering. The exceeding of the 100,000 threshold in the number of retail investors is also gratifying. With our long years of experience, Yapı Kredi Yatırım will continue to bring companies and investors together in the coming days. We wish the Koroplast IPO to be beneficial for the company, investors and capital markets."       About The Koroplast brand, which enhances consumer quality of life through its quality and technology, was founded in 1981 within Korozo Ambalaj Sanayi ve Ticaret Anonim Şirketi (Korozo Ambalaj). Operating as a separate company since 2017, Koroplast introduced Turkey to products such as garbage bags and refrigerator bags and is the architect and market leader in the kitchen helper products category. Koroplast, which has always achieved industry firsts through its investments, today offers a wide range of products including garbage bags, refrigerator bags and baking paper, as well as stretch film, aluminum foil, ziplock bags, zipper bags, oven bags, microwave cooking bags, ice bags, frozen food bags and sponges and cleaning cloths in the cleaning category. Thanks to customer support, more than 40 years of accumulated knowledge, technological capabilities, R&D investments and expert sales and marketing teams, Koroplast, the leader in its sector, makes life easier for consumers through the products it develops.