In an effort to increase effectiveness and simplicity in sale methods in initial public offerings (“IPOs”), the Turkish securities regulator (CMB) has recently resolved that certain sized IPOs not to be sold with or without book building method but only through sale on the exchange method (Borsa’da satış). The decision is published and is effective as of 19 January 2023. As per the CMB decision, this method has become mandatory for IPOs, in case the market value of the shares to be offered to the public is TRY 250 million or less.

We have published a new Paksoy briefing: “Recent Decisions in Turkish Capital Markets”. You can reach the briefing here.

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