Turkish retailer Sok falls in market debut after raising $531 mln in IPO

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ISTANBUL, May 18 (Reuters) – Shares of Turkish discount retailer Sok Marketler dipped in their market debut on Friday, after the grocer raised $531 million in an initial public offering.

Shares of Sok first started trading at 10.47 lira a share, a slight discount to the IPO price of 10.5 lira. By 1005 GMT they were down 2 percent at 10.28.

Writing by David Dolan; Editing by Daren Butler



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