Turkish Discounter Şok Marketler Ticaret Announces Intention To Float: Analysis
Having posted 37% growth in revenue between 2015 and 2017, as well as opening an average of three stores per day during that period, it's no wonder that Turkish discounter Şok Marketler Ticaret A.Ş. is talked of in some circles as 'Europe's fastest-growing retailer'.
This week, Şok, as it is known, announced its intention to launch an IPO and to trade on Borsa Istanbul, the main Turkish stock exchange.
Trading of the share is expected to commence in May 2018, subject to the approval of Turkey's Capital Markets Board and Borsa Istanbul.
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