IPO called off on low demand

December 04 2008 09:24:00

IPO called off on low demand

Bloomberg

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Many investors, especially from outside Turkey, withdrew their bids, according to the company.

Anel Elektrik, which has a 20 percent stake in Anel Telekomunikasyon, decided to stop the IPO after receiving bids for just 3.7 million shares on the first day, the company said yesterday.

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