Turkey: Listing Rules & Flotation

The Capital Markets Board of Turkey has introduced a new framework for calculating shares in actual circulation for companies listed on Borsa İstanbul's Equity Market, fundamentally changing how free float ratios are determined. The updated regulations establish comprehensive exclusion criteria for certain shareholdings and introduce a novel approach that accounts for indirect shareholdings through hedge funds and other publicly traded entities. This regulatory shift requires monthly reporting obligati

Turkey's Capital Markets Board has introduced new priority criteria for initial public offering applications, allowing certain companies to bypass standard application queues. Companies meeting specific requirements related to regional presence, government ownership, or substantial market value can now request expedited processing of their IPO applications.

Turkey's Capital Markets Board has introduced significant changes to block trade regulations and IPO prioritization procedures. New thresholds now apply to share transfers based on free float ratios, while certain companies can fast-track their public offering applications through specific qualifying criteria.

Son dönemde şirketlerin özellikle kaynak sıkıntısı yaşadığını dile getiren Mazars-Denge Gaziantep Şirket Sorumlusu Yeminli Mali Müşavir Mehmet Kalkınoğlu, özellikle Gaziantepli şirketlerin borçlanma gibi yanlış bir strateji ile büyüme yoluna gittiğine dikkat çekti ve çözüm olarak halka arzı işaret etti.

On November 27, 2015, the Capital Markets Board of Turkey published Resolution No. 128.11, clarifying the underwriting regime for Turkish IPOs.

On 14 July 2015, the Capital Markets Board approved the Listing Directive, prepared under the Regulation of Principles Regarding the Stock Activities in Borsa İstanbul A.Ş. ("Directive").