Benzinga | Jul 1, 2021 08:48AM EDT

Hepsiburada Prices IPO At $12 Per Share; Trading Begins Today

* Turkish e-commerce platform D-MARKET Electronic Services & Trading (NASDAQ:HEPS), also called Hepsiburada, priced 56.74 million shares at $12 per share in its initial public offering.

* The IPO includes 15.07 million shares from a selling shareholder.

* The estimated gross proceeds are $500.04 million from 41.67 million shares.

* The shares are likely to begin trading on the Nasdaq under the ticker symbol "HEPS" today.

* The selling shareholder has granted the underwriters a 30-day option to purchase additional shares up to 8.5 million.