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.
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.