Turkey's Hepsiburada valued at US$3.8bil in strong Nasdaq debut

Hepsiburada's American Depositary Shares (ADS) opened at $12.75 and closed the day at $13.43, above their initial public offering (IPO) price of $12 per ADS. Hepsiburada is the first Turkish company listed on the Nasdaq exchange. - Reuters

NEW YORK: Shares of D-MARKET Electronic Services & Trading, also known as Hepsiburada, rose nearly 12% in their U.S. stock market debut on Thursday, giving the Turkish e-commerce platform a market value of US$3.8 billion.

Hepsiburada's American Depositary Shares (ADS) opened at $12.75 and closed the day at $13.43, above their initial public offering (IPO) price of $12 per ADS.