Orzax has officially begun trading on the Borsa Istanbul, ringing the opening bell to mark its initial public offering.
The company's CEO, Yunus Emre Alimoğlu, addressed reporters at the ceremony, highlighting the scale of the capital raise and the reception from retail investors.
Alimoğlu stated that the IPO, valued at 3.6 billion Turkish lira, successfully gathered substantial demand.
He noted that the offering was based on a base of one million shares, with significant participation from individual investors.
The successful debut underscores continued appetite for new listings on the Turkish exchange, despite broader regional market volatility.
The listing comes as European equity markets show mixed signals.