In the top 10 of the stock market public offering race

out of control While inflation fueled the Istanbul Stock Exchange’s rise, the successive public offerings also attract attention. This year, 31 companies went public and their size reached approximately TL 50 billion. Public offerings continue to attract the attention of companies in order to take advantage of opportunities that may arise with limited access to credit and fewer financing opportunities. An estimated 50 more companies are waiting for approval. The British Financial Times (FT) also published this performance on the Istanbul Stock Exchange. According to the FT report, the Istanbul Stock Exchange took the lead in the IPO race, beating out much larger stock exchanges such as those in London in England, Frankfurt in Germany and Milan in Italy. Increased public offerings pushed Turkey to ninth place. China, the United States and the United Arab Emirates are in the top three places for public offerings. In the top 10, only Romania was ahead of Turkey as a European country.

Enthusiasm Breeds Worry

According to data from the Central Registration Agency (MKK), a total of 620,000 investors participated in the Istanbul Stock Exchange in July. 400,000 of these participants have portfolios between 1,000 and 5,000 TL. It is seen that 65% of new investors are public offering investors. There are concerns that the current enthusiasm in the markets could attract lower quality companies in the capital markets. Some experts worry that certain IPOs could turn banks and brokerage firms into publicly traded companies with insufficient research coverage and investor relations.

318 percent increase from 2022

Investor The Istanbul Stock Exchange’s BIST 100 index has risen 318 percent since early 2002. The rise in the stock market encouraged more companies to go public. The BIST IPO Index, which tracks IPOs over the past two years, has risen more than 550 percent since the start of 2022. Recently implemented deeply negative interest rate policies, very low deposit rates, and transaction restrictions foreign exchange helped make the stock market an important place for citizens.

440 thousand people in a week

Exchange The historic increase in the number of investors in Istanbul continues. According to MKK data, the number of investors in the stock market amounted to 6 million 75 thousand 325 as of August 22. Between August 15 and 22, the increase reached an astronomical level of 440 thousand. The increase in the number of investors in the stock market since the beginning of the year was 2.3 million people. The value of the investment portfolio on the stock market has increased by about TL 3.1 trillion since the beginning of the year to TL 9.3 trillion.