The " 2022 Bonds, Loans & Sukuk Turkey Awards ", one of the most respected awards in the finance industry, have been announced with Hitit receiving the Silver Award of IPO/Equity Capital Markets Deal of the Year' for its 431 million TL public offering back in March 2022.
ISTANBUL – 23 NOVEMBER 2022 Hitit, a leading company in the global airline and travel technologies market, won second place in the "2022 Bonds, Loans & Sukuk Turkey Awards " with its public offering in March this year. At the awards given by the Global Financial Conferences (GFC) Media Group, Hitit was deemed worthy of the Winner of the Silver Award in the IPO/Equity Capital Markets Deal of the Year categories with the public offering of 431 million TL in March this year.
Hitit, the technology provider of the airline and travel industry, offers software solutions to more than 60 airline and travel companies from 45 different countries around the world that address the travel industry holistically. Hitit, where 77 million passengers use its services today, is among the world's giants in the field of aviation technologies. One of the most important features that puts Hitit among the global giants is the "one-stop-shop service" approach it offers to the global market.
Nur Gökman, Chairwoman of the Board and CEO of Hitit, stated that they are proud to have received the Bonds, Loans & Sukuk Turkey Silver Award with Hitit’s IPO, which is highly respected in the finance sector.
“Hitit started its journey 28 years ago with the dream of launching a technology company from Turkiye, and the public offering was a very valuable step forward. We serve at the junction of technology and aviation. We are among the largest aviation technology companies in the world and one of the leading technology exporters in Turkiye. Our software is used in nearly 300 airports on six continents. We will continue to break ground in airline and travel IT solutions with the technology we have developed in Turkiye and exported to the world. After the public offering, we continue to develop new solutions and open up to new markets with the trust of our investors.”
Ms. Gökman added that: “With the sale of 431 million TL to 48 thousand investors, we had a successful public offering and realized a very successful entry into Borsa Istanbul(BIST). With our public offering, we have a total market value of 1,562 million TL. I believe that with support from our investors we will reach good places in BIST as a technology company."
Hitit's sales revenue was 13 million dollars in the third quarter
Hitit, a public company traded on Borsa Istanbul with the code HTTBT, was established in March 2022. It was offered to the public by a consortium of 36 institutions led by ÜNLÜ Menkul Değerler A.Ş., one of Türkiye’s leading financial institutions. Hitit's public offering in the issuance amounted to TL 431 million. The free float ratio after the issuance was 27.6 percent with 40 percent of company shares offered to domestic individual and high-application investors, 35 percent offered to domestic corporate investors, and 25 percent going towards foreign institutional investors. Hitit recently announced its financial results for the third quarter of 2022, revealing a 28 percent increase in turnover and 13 million dollars in sales revenue. The company closed the period with a 40 percent EBITDA margin.