Welcome to our dedicated page for D-Market Electronic Services & Trading news (Ticker: HEPS), a resource for investors and traders seeking the latest updates and insights on D-Market Electronic Services & Trading stock.
D-MARKET Electronic Services & Trading reports recurring updates as Hepsiburada, a Turkish e-commerce technology platform whose ADSs trade under HEPS. The company operates a hybrid model that combines first-party direct sales with a third-party marketplace, offering electronics and non-electronics merchandise and generating revenue from sales of goods, marketplace activity and other services.
Company announcements address unaudited financial results, order, GMV and revenue trends, and IFRS reporting adjusted under IAS 29 for hyperinflationary economies. Recurring business topics include Hepsipay digital wallets, general-purpose loans, buy now pay later, fulfillment, last-mile delivery, advertising, cross-border sales, payment services, affordability solutions, shareholder meetings, governance matters and ADR voting mechanics.
Hepsiburada (NASDAQ: HEPS), a leading Turkish e-commerce platform, has launched Managed Partner Ads, a new advertising platform in collaboration with Facebook. This initiative aims to empower small and mid-size enterprises (SMEs) to enhance their online visibility and sales by facilitating targeted ads on Facebook and Instagram. The platform is designed to increase web traffic by tenfold and potentially triple sales for participating SMEs. The user-friendly sign-up process allows businesses to easily manage their advertising campaigns, aligning with Hepsiburada's commitment to driving digital commerce in Turkey.
Hepsiburada (NASDAQ: HEPS) reported strong Q2 2021 results, with Gross Merchandise Value (GMV) increasing by 38.2% year-over-year to TRY 5.9 billion, bolstered by a growing active customer base. The company recorded 13.1 million orders, a 37.9% increase from Q2 2020. Revenue rose by 5.2% to TRY 1,754.7 million, but EBITDA declined to negative TRY 188.6 million due to increased investments, leading to a net loss of TRY 324.1 million. Free cash flow surged to TRY 705.4 million, demonstrating effective cash management despite broader market challenges.
D-MARKET Electronic Services & Trading, known as Hepsiburada (NASDAQ: HEPS), will announce its unaudited Q2 2021 financial results on August 26, 2021. A conference call for analysts and investors will be held at 15:30 İstanbul time to discuss the results. Access to the live webcast will be available on the company's Investor Relations website. Hepsiburada is a leading e-commerce platform in Turkey, serving 33 million members and nearly 45,000 active merchants, providing a variety of services including groceries, airline tickets, and payment solutions.
D-MARKET Electronic Services & Trading, known as Hepsiburada, concluded its initial public offering (IPO) on July 6, 2021, issuing 65,251,000 American Depositary Shares (ADSs) at $12.00 each. The offering comprised 41,670,000 ADSs from the company and 23,581,000 ADSs from a selling shareholder, including 8,511,000 ADSs due to the underwriters' over-allotment option. The shares began trading under the ticker symbol HEPS on the Nasdaq Global Select Market on July 1, 2021.
D-MARKET Electronic Services & Trading, known as Hepsiburada, has priced its initial public offering of 56,740,000 American Depositary Shares (ADSs) at $12.00 each. The offering includes 41,670,000 ADSs from Hepsiburada and 15,070,000 from a selling shareholder. Trading on the Nasdaq under the ticker symbol HEPS is set to commence on July 1, 2021, with the offering expected to close on July 6, 2021. The underwriters also have a 30-day option to purchase an additional 8,511,000 ADSs. Major investment banks are handling the offering.
D-MARKET Elektronik Hizmetler ve Ticaret Anonim Şirketi, known as Hepsiburada, has initiated the roadshow for its initial public offering (IPO) of American Depository Shares (ADS) representing Class B ordinary shares. The company plans to offer 56,740,000 Class B shares, with 41,670,000 shares from Hepsiburada and 15,070,000 from a selling shareholder. The IPO price is projected between $11.00 and $13.00 per ADS, with plans to list on NASDAQ under the ticker symbol 'HEPS'. Major banks including Morgan Stanley and J.P. Morgan are managing the offering.