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DPZ - Domino's Pizza Inc News Story

$397.96 3.1  0.8%

Last Trade - 19/04/21

Consumer Cyclicals
Large Cap
Market Cap £11.04bn
Enterprise Value £13.79bn
Revenue £2.94bn
Position in Universe 720th / 6849

UPDATE 1-DP Eurasia eyes dual listing or IPO of Turkish business in Istanbul

Tue 15th December, 2020 7:54am
(Adds details)
    Dec 15 (Reuters) - DP Eurasia  DPEU.L , which runs the
Domino's Pizza franchise in Turkey and Russia, said on Tuesday
it is considering a dual listing on the Istanbul stock exchange
or an IPO of its Turkish business.
    "The Board believes such an additional listing could
generate further interest from new momentum
and drive a re-rating in the shares as well as boost liquidity
in the trading of the shares," it said in a statement.
    DP Eurasia raised 148 million pounds ($197.28 million) in
its initial public offering on the London Stock Exchange in
    The company's Turkish business accounted for 68% of its
sales in the first half of the year. 
    It added that any new listing would be complementary to its
London listing.
    Its shares have lost about 80% of their value since their
debut, hurt by economic woes in its two main markets and the
coronavirus pandemic.

($1 = 0.7502 pounds)

 (Reporting by Anna Pruchnicka in Gdansk, editing by Louise
Heavens, Kirsten Donovan)
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