Hepsiburada is one of the Turkey's largest e-commerce platform that allows consumers to order items ranging from groceries and essentials to airline tickets with nine million active customers.
Tuesday’s Hong Kong IPO of Nongfu Spring made Zhong, the unassuming founder of China’s largest bottled water company, the second richest person in the country.
The company reports 50 percent drop in profits for the first half of the year. Five other leading oil firms, BP, Chevron, ExxonMobil, Royal Dutch Shell and Total, recently reported combined losses of $53 billion for the second quarter.
Saudi Arabia's oil company surpassed Apple as the largest listed company in the world. Aramco is worth more than the top five oil companies Exxon Mobil, Total, Royal Dutch Shell, Chevron and BP combined.
Aramco said it would sell 1.5 percent of the company in a blockbuster initial public offering worth at least $24 billion.
The enormous IPO, which Hong Kong had lobbied for, will come as a boost for authorities wrestling with pro-democracy protests.
The Saudis might be considering Japan as a venue to go public with the world's most profitable company, and reap the benefits of the lower political and regulatory liabilities in the country.
The New York Stock Exchange set a reference price of $26 per share, indicating a value of around $16 billion.
Uber Technologies Inc. will sell 180 million shares in its public offering, with a further 27 million sold by existing investors.
The emirate is following in the footsteps of Saudi Arabia as low oil prices are forcing governments in the region to sell assets to balance their budgets.
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