The public offering of Maçkolik, the largest live score and sports data portal with 12 million users in Turkey and 7.4 million users in France, has been approved by the CMB. 34% of Maçkolik shares, owned by the Pre-IPO Venture Capital Investment Fund of Istanbul Portfolio Management, a subsidiary of Global Investment Holdings, will be offered to the public with a fixed price of 38 TL and a bid-gathering method. The public offering of Maçkolik shares is the first transaction in which a venture capital investment fund established under the Capital Markets Board’s regulations makes a public offering.
Barış Hocaoğlu, General Manager of Istanbul Portfolio, said, “Until now, qualified investors have been able to become stakeholders in technology and new economy companies with growth potential through venture capital funds. Now, all individual investors participating in the public offering also have the opportunity to become partners with these companies.”
Founded and managed by Istanbul Portfolio Management, a 66.6% subsidiary of Global Investment Holdings, the İPY Pre-IPO Venture Capital Investment Fund is owned by Maçkolik, the leading technology and digital sports media group in Turkey and France. It received approval from the Capital Markets Board (CMB) to offer its 34 percent share to the public. Maçkolik Internet Hizmetleri Ticaret A.Ş. with a nominal value of 8,500,000 TL owned by the fund. stocks will be offered to the public by the consortium led by İnfo Yatırım Menkul Değerler, with a fixed price of 38 TL and a book-building method. The public offering, which will be held with the code #MACKO, will be held with the “Fixed Price Bookbuilding” and “Best Effort Mediation” methods.
The public offering of Maçkolik shares, owned by the İPY Pre-IPO Venture Capital Investment Fund, is the first transaction in which a venture capital investment fund established under the Capital Markets Board’s regulations made a public offering.
Free float rate is 34 percent
After the public offering, Maçkolik’s free float rate is 34 percent, while the İPY Pre-IPO Venture Capital Investment Fund is expected to generate 323 million TL from the said public offering. The said revenue will be paid to 43 investors, including pension funds, venture capital investment trusts, supplementary pension institutions and qualified individual investors, in proportion to their shares, after deducting the expenses including the performance fee of the fund founded by İPY.
“This IPO is a new milestone for Turkish capital markets”
Emphasizing that the public offering of Maçkolik will be a new milestone for the Turkish capital markets, Istanbul Portfolio General Manager Barış Hocaoğlu said, “Until now, qualified investors have been able to become shareholders of technology and new economy companies with growth potential through venture capital funds. Now, all individual investors participating in the public offering also have the opportunity to become partners with these companies.”
Established in 2007 and transformed into a subsidiary of Global Investment Holdings after the merger of Actus Portfolio in 2020, Istanbul Asset Management is Turkey’s largest independent portfolio management company with domestic capital, with a portfolio size exceeding TL 46 billion and a base of domestic and foreign investors.
Live results from 1,500 leagues of 175 countries
With 12 million users in Turkey and 7.4 million in France, Maçkolik + Match en Direct (MED), the largest live score and sports data portal, has an average of 7.1 million monthly active users. With an average of 7 billion pages viewed per month, Maçkolik is also the leader in social media with over 1 million Instagram followers. The application, which covers 1,500 leagues of 175 countries and is broadcast in 14 languages, shares the data of an average of 2,500 live matches every weekend.