HEPS News

In the US IPO market’s busiest week since 2004, 19 IPOs raised nearly $10 billion, led by Chinese ride-hailing giant DiDi Global (DIDI). The second largest IPO of the year, DiDi (DIDI) upsized and priced at the high end to raise $4.4 billion at a $70.4 billion market cap. DiDi is China’s dominant ride-hailing app, with 15...read more

D-MARKET Electronic Services & Trading, which operates the e-commerce platform Hepsiburada in Turkey, raised $681 million by offering 56.7 million ADSs (27% insider) at $12, within the range of $11 to $13. At pricing, the company commands a market value of $3.4 billion. The company states that Hepsiburada was one of the early pioneers of digitalization of commerce in Turkey...read more

17 IPOs are slated to raise $9.1 billion in the week ahead, led by long-awaited Chinese ride-hailing giant DiDi Global (DIDI). DiDi (DIDI) plans to raise $3.9 billion at a $67.5 billion market cap. DiDi is China’s dominant ride-hailing app, with 15 million drivers across 4,000 cities and towns. The unprofitable company saw revenue...read more

D-MARKET Electronic Services & Trading, which operates the e-commerce platform Hepsiburada in Turkey, announced terms for its IPO on Wednesday. The Istanbul, Turkey-based company plans to raise $681 million by offering 56.7 million ADSs (27% secondary) at a price range of $11 to $13. At the midpoint of the proposed range, D-MARKET Electronic Services & Trading would command...read more