CMS affiliate YBK and Paksoy advised Kaleseramik on successful IPO

Yalçın Babalıoğlu Kemahlı (YBK) in cooperation with CMS is pleased to announce the successful completion of the Initial Public Offering (IPO) of Kaleseramik Çanakkale Kalebodur Seramik San. A.Ş., a significant milestone in the company's history. During the IPO on 20 and 21 July 2023, domestic institutional investors, individual investors, and employees of the Kale Group showed remarkable enthusiasm. Their demand exceeded the initial offering size by a factor of 3.3, resulting in a public float of 21.25% and setting the stage for a new chapter in the company’s growth story.

Hülya Kemahlı, capital markets expert and partner at YBK: “With such an impressive debut, Kaleseramik has established itself as a prominent player on the market and gained the attention of both domestic institutional and retail investors. It is a testament to the company's strong principles, strategic vision, and the trust it has gained from investors. We are proud to have contributed to this success through our legal excellence and dedication. We look forward to our client's development opportunities and further expansion of its market position.”

Led by Partner Hülya Kemahlı, the YBK project team advising Kaleseramik on its IPO and Borsa Istanbul listing included Counsel Arcan Kemahlı and Associate Zeynep Berin Manavgat.

The Paksoy team included Partner Ökkeş Şahan, Senior Associate Merve Kurdak, and Associate Bengisu Yılmaz.