SDT going public will transfer 300 million TL from offerings to investments

The initial public offering (IPO) of SDT Space and Defense Technologies in Borsa Istanbul has been approved.

The company will collect requests on December 28-29. The executives have important investment targets regarding the approximately 400 million TL resource that will come from the public offering.

Ömer Korkut, General Manager of SDT Space and Defense Technologies, stated that the processes of companies to go on the stock exchange are a long and difficult process, and that the preparations have been going on for more than a year.

Korkut stated that they have received approval as of December 22, 2022 and that requests will be collected on December 28-29, 2022.

Stating that 21.12 percent of SDT's shares will be traded in Borsa Istanbul during the process of opening up to the stock market, SDT General Manager said that SDT will have a total supply of 392 million TL and 300 million TL of this fund will be used for the company's new facility currently under construction.

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