According to Reuters, Turkish denim brand and retailer Mavi Giyim's initial public offering (IPO) has been priced at 43 to 51 lira per share, valuing the jeans maker at up to 2.5 billion lira ($700 million).
Bids will be collected on June 8-9 and trading in the shares was expected to begin on June 15, according to Reuters. Two weeks ago, Mavi announced its plans for the listing on Istanbul's stock exchange.
No one was immediately available to comment at Mavi.
Since its founding in Istanbul in 1991, Mavi has grown into one of Turkey's best known clothing brands abroad. Mavi currently serves 5.500 POS internationally and operates 392 mono-brand stores globally, 331 alone in Turkey.
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