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Turkish Mobility App Marti’s New York IPO Announcement Imminent

  • Marti to be the first Turkish firm to list via a SPAC merger
  • Proceeds will finance Marti’s plans to expand business, fleet
An electric rental bike, operated by Marti, in Istanbul.
An electric rental bike, operated by Marti, in Istanbul.Photographer: Erhan Demirtas/Bloomberg

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Turkey’s mobility app Marti will announce its planned merger with a blank-check company within weeks, a deal that marks the first initial public offering by a Turkish company via a SPAC in New York.