As per the decision of the Capital Markets Board published in its bulletin dated 29 December 2023, the financial thresholds required for the companies\u2019 initial public offering have been increased and public offering has become more difficult for small-scale companies. Accordingly, the required minimum total assets amount in the financial statements of the companies has been revised as TRY 450,000,000 for 2022 and as TRY 1,500,000,000 for 2023 and the minimum net sales revenue amount has been revised as TRY 270,000,000 for 2022 and as TRY 750,000,000 for 2023 in order to be eligible to apply for public offering.<\/p>\n
The minimum capital amount required for transition to the registered capital system has been increased to TRY 100,000,000.<\/p>\n
On the same date, the listing requirements have been also updated with the revisions made in the Listing Directive by \u0130stanbul Stock Exchange (Borsa \u0130stanbul). Accordingly, the minimum ratio of the nominal value of shares offered to public to the capital for the Stars Market has been decreased from 15% to 10% and minimum market value of shares offered to public has been increased:<\/p>\n
The principle amendments brought by the Law are as follows:<\/p>\n
As per the decision of the Capital Markets Board published in its bulletin dated 29 December 2023, the financial thresholds required for the companies\u2019 initial public offering have been increased and public offering has become more difficult for small-scale companies.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[281],"tags":[],"class_list":["post-135306","post","type-post","status-publish","format-standard","hentry","category-publications"],"acf":[],"yoast_head":"\n