9 days ago • Posted by William Ramstein

Turkish firm Trendyol seeks $1B in IPO valuing it at $15B

Over the last three years, Trendyol grew its gross merchandise value by about 20 times and it’s on track to record about $10 billion GMV in 2021. The company aims for a valuation about 1.5 times its GMV. The Turkish company is said to own 34% of the Turkish e-commerce market.

Source: Bloomberg