Business

Local smartphone manufacturer Reeder Teknoloji has filed an IPO application

In addition to 158 million new shares, 39 million shares belonging to existing partners will be sold in the Reeder Teknoloji public offering.

Reeder Teknoloji, which is among the domestic players of the smartphone and tablet ecosystem in our country, announced that it has applied to the Capital Markets Board (CMB) for a public offering. When we look at the details of the application by Reeder Teknoloji, we see that the said public offering will be carried out under the leadership of Turkish Industrial Development Bank TSKB and Yatirim Finansman.

In addition to 158 million new shares, 39 million shares belonging to existing partners will be sold in the Reeder Teknoloji public offering. Sezen Sungur Saral, who is also among the founding partners of the company, sits in the CEO seat of Reeder Teknoloji, which was founded in Samsun in 2009.

According to the information provided by Reeder Teknoloji, the company derives 98% of its revenues from smartphone sales. Reeder, which developed e-book readers in the first place, even though it has come to the fore with smartphones for the moment, introduced the first Android tablet model to the market in 2010.

Reeder Teknoloji, which introduced the first smartphone model in 2015 after the e-book reader and tablet models, has products in many categories. Reeder’s products include mobile phones, tablets, smart watches and wristbands, phone accessories, robot vacuums and sound systems.

Reeder, which is among the important players of the smartphone market with more than 10 models, also opened a new factory of 3 thousand m2 last year. Let’s also add that Reeder has a total of 88 stores in 60 different cities.

Reeder has also experienced significant growth over the past two years. According to the information shared by Reeder Teknoloji Chairman of the Board, Uygar Saral, last September, the company has grown more than 2 times in the last two years. We will continue to inform you about the developments regarding the public offering of Reeder Teknoloji.

Source: Webrazzi / Prepared by Irem Yildiz

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