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July 10, 2000: 10:15 p.m. ET
Turkcell raises more than $1.68B; semis price mixed, Axcelis at top
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NEW YORK (CNNfn) - Turkey's mobile phone leader raised more than $1.68 billion in the biggest ever initial public offering for a Turkish company
Turkcell priced 96 million shares at $17.60, anticipating substantial interest for such a large offering by pricing near the top of its range. The deal was led by Goldman Sachs and Morgan Stanley Dean Witter,
In 1999 Turkcell had sales of more than $1.58 billion and earned more than $369 million and has about 68 percent of the Turkish cellular market.
The company will trade as "TCL" on the New York Stock Exchange.
Mixed bag of chips
Axcelis Technologies Inc., one of the most anticipated initial public offerings of the week, raised $341 million pricing at the top of its range Monday evening.
Semiconductor equipment company Axcelis priced 15.5 million shares at $22, anticipating strong investor demand when it debuts Tuesday. The offering is "almost the no-brainer of the week," according to one analyst.
Led by Goldman Sachs, Beverly, Mass.-based Axcelis is the worldwide leader of ion implantation equipment for semiconductors. In 1999 the company had sales of more that $157 million and earned more than $14.4 million.
Axcelis will trade on the Nasdaq as "ACLS."
Another semiconductor company, Chinese ASAT Holdings Ltd., priced in the middle of its range, raising $240 million. ASAT priced 20 million American Depository Receipts at $12 under three lead managers: Chase H&Q, Donaldson, Lufkin & Jenrette and Salomon Smith Barney.
ASAT makes semiconductor packaging materials and plans to trade on the Nasdaq as "ASTT."
Entegris Inc. went the opposite way as Axcelis, first cutting its price to $11 to $13 from $13 to $15 and then pricing at the bottom of its range.
The Chaska, Minn.-based company, which makes materials for semiconductor manufacturing, raised $143 million pricing 13 millions shares. Entegris will trade on Nasdaq as "ENTG." 
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