Offering of Vestel Household Appliances Co. stocks to the public has been met with a huge interest. ”There is a huge interest, almost 10 times more than the shares we offered,” said a Vestel executive.
Vestel’s stocks have been sold through DenizInvestment, a brokerage company, on April 11th-12th, 2006.
Out of the 52 million shares made available to public, 70 percent (36,400,000) went to foreigners while 30 percent (15,600,000) went to domestic investors.
Vestel Household Appliances Company earned 124 million USD from the sale of stocks.
