Dogan Yayin Holding shares were sold like hot cakes in Europe

The ninth company of Dogan Group is down the road to be listed at the Istanbul Stock Exchange. 15% of the DYH will be offered to the public by the intermediation of a consortium led by TEB, on July 29 and 30.
Dogan Yayin Holding will make the public offering of a total nominal valued share of 4,25 billion comprising of 2,175 billion from Aydin Dogan's portfolio and 1,850 billion from the Dogan Sirketler Grubu Holding and the total of a 2.5 trillion capital rise, limiting the subscription rights of the partners.
The current 41 trillion paid capital of the company will have been increased to 43.5 trillion after the public offering. In the public offering also approved by the Board for Capital Markets, 1000 lira nominal valued shares will be sold at 3,600 fixed price each.
Dogan Medya Grup Vice President Soner Gedik, 11.72% of the DHY stocks will be sold out to foreign funds and corparate investors; and 3.25% will be allocated for the local investors. Mr. Gedik predicts some $86 million from this public offering.