Cleary Gottlieb represented Morgan Stanley, J.P. Morgan, Goldman Sachs & Co. LLC, BofA Securities, and UBS Investment Bank, as underwriters, in the SEC-registered initial public offering of Hepsiburada.
In the IPO, the issuer and selling shareholder raised aggregate gross proceeds of $783 million.
Hepsiburada listed American depositary shares representing its class B ordinary shares on the Nasdaq Global Select Market under the symbol “HEPS.” The IPO priced on July 1, 2021, and closed on July 6, 2021.
Hepsiburada is one of Turkey’s leading e-commerce platforms and the first-ever Turkish company to be listed on Nasdaq.