PwC Turkey analyses initial public offering activities of the Istanbul Stock Exchange in the “IPO Watch” publications.
|We see an increase in the amount of money raised in 2013, and at the same time a decrease in the number of transactions compared to 2012. The decrease in the number of transactions is in line with our expectations in previous publications, where we analysed the potential impact of the new capital markets law. Please do not hesitate to download our “IPO Watch: Turkey Focus 2013” publication for further details.|
|Quarter 2 of 2013|
|Following on from a quiet Q1 on the Borsa Istanbul equity markets, with only one IPO in total, activity in Q2 2013 has picked up raising about 4 times the amount raised in Q1.A total of c. €421 million was raised from a total of 10 IPOs, across both the National Market and the Emerging Companies Market (“ECM”) in Q2 2013. This compares to €106 million raised from just one IPO in Q1 2013 and €88 million raised from 9 IPOs in Q2 2012. Download our report to see the results of our study.|
|First quarter of 2013|
|Our second publication “IPO Watch: Turkey Focus” features the initial public offering activities from the first quarter of 2013 in Turkey. This publication tells how EUR 106 million in revenue was acquired during the first quarter of 2013 from just one initial public offering. Please do not hesitate to download our “IPO Watch: Turkey Focus” publication for further details.|
|Activities between 2010 and 2012|
|According to the report, after the Turkish economy began to grow again in 2010 and the effects of the 2009 global financial turmoil decreased, initial public offering activities on the Istanbul Stock Exchange (IMKB) gained momentum. This momentum is partially due to the new practices in Turkey Capital Markets.|