Kardemir Çelik Receives SPK Approval for Public Offering

The Capital Markets Board (SPK) has approved Kardemir Çelik's application for a public offering. The company will offer shares to investors at a fixed price of 35.0 TL per share. A total of 128 million TL nominal value of shares are planned to be put up for sale. The size of the public offering is expected to reach approximately 4.48 billion TL. With this transaction, the company's free float rate is targeted to increase to 15.42%. Kardemir Çelik's public offering process is being closely followed by investors. The necessary steps will be taken for the company's shares to start trading on the stock exchange. This is not investment advice.

📊 KRDMD — Piyasa Yorumu

▲ up · 60%

IPO approval typically increases demand for the stock, potentially creating a positive short-term impact. Technical indicators support this view, with the RSI in positive territory at 60 and the price trading above both the 20-day and 50-day moving averages. However, the MACD line crossing below the signal line and the 2.7% decline in the last close suggest that the upside may be limited. Therefore, a moderate short-term rise can be expected, but excessive optimism should be avoided.

RSI 14

60.4

MACD

0.98

24h Δ

-2.68%

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