ISTANBUL, Feb. 01, 2023 (GLOBE NEWSWIRE) — D-MARKET Electronic Services & Trading (d/b/a “Hepsiburada”) (NASDAQ: HEPS) is Turkey’s leading e-commerce platform (“Hepsiburada ”). ” or the “Company”) today received a letter from the Listing Eligibility Department of the Nasdaq Stock Market LLC (“Nasdaq”) on January 31, 2023 indicating that the Company has resumed compliance with the minimum bid price requirement. announced. US$1.00 per share under Nasdaq Listing Rule 5450(a)(1). For the past 10 consecutive business days, our American Depositary Shares (“ADS”), each representing one share of our Class B common stock, have closed at more than US$1.00 per ADS. In a letter, Nasdaq indicated that the matter is now closed.
Hepsiburada is Turkey’s leading e-commerce technology platform with nearly 50 million members with a hybrid operating model of direct sales in 1P (retail) and over 94,000 merchants in 3P (marketplace). with over 145 million SKUs in over 30 categories. and service.
With a vision to lead the digitalization of commerce, Hepsiblada serves as a trusted, innovative and purpose-driven partner in consumers’ everyday lives. Hepsiblada’s e-commerce platform offers merchants and consumers an ecosystem of broad functionality. advertising; grocery delivery; payment services provided through his Hepsipay, Hepsiburada’s payment companion and BNPL solution provider. HepsiGlobal offers a selection of international merchants through its inbound division, while its outbound business aims to enable Turkish merchants to make cross-border sales.
Since its founding in 2000, Hepsiburada has been purpose-driven and leveraged its digital capabilities to advance the role of women in the Turkish economy. Hepsiblada launched the “Technology Empowerment for Women Entrepreneurs” program in 2017. The program has helped about 38,000 female entrepreneurs across Turkey, reaching millions of customers with their products.
Investor Information Inquiries