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Evening Standard
Evening Standard
Business
Simon Hunt

Billionaire Turkish family unveils first major London IPO in 2023

An industrial materials maker controlled by a billionaire Turkish family is set to launch the FTSE’s first major IPO this year, raising hopes a dearth in public listings could be coming to an end.

WE Soda, the world’s largest producer of natural soda ash which is used in glass manufacturing, expects to price its share offering by the end of June and join the FTSE 100 shortly thereafter.

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