BinBin, 89 percent of which is owned by 1000 Investments Holding, has applied for an IPO.
According to the statement made by the company, BinBin reported to the Public Disclosure Platform (KAP) that it has applied for an IPO.
The company, which offers e-scooter rental services in Turkey and abroad, has approximately 4 million users with more than 25 thousand e-scooters.
Founded in 2019, BinBin provides services in Istanbul, Konya, Antalya, Eskişehir, Samsun, Adana, Kocaeli, Bursa, Gaziantep, Uşak and Sakarya in Turkey, as well as abroad in Bulgaria, Bosnia and Herzegovina, North Macedonia and most recently in Albania, where it started operations last week.
“BİNBİN WILL CONTINUE TO TRANSFORM URBAN TRANSPORTATION WITH ENVIRONMENTALLY FRIENDLY AND INNOVATIVE SOLUTIONS”
Kadir Abdik, Chairman of the Board of Directors of 1000 Investments Holding, whose views were included in the statement, stated that BinBin’s public offering process is an important step that will support the growth of the company in line with the principles of transparency, trust and sustainability.
Abdik noted that the IPO provided an important opportunity for BinBin to strengthen its technology infrastructure and expand its service network by making new investments, and said, “We will be very happy to share our investors in this exciting journey. As BinBin, we believe that we will further consolidate our leading position in the micro mobility sector and demonstrate an even stronger presence in international markets with the support of our investors, while continuing to transform urban transportation with our environmentally friendly and innovative solutions.”
