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Koton, One Of Türkiye s Prominent Fashion Brands, Participated In The UN Climate Change Conference COP28
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Turkish Small Caps Race to List as Stock Market Hits Record
Bloomberg 2/5/2021 Tugce Ozsoy and Ercan Ersoy
(Bloomberg) Turkey’s smaller companies are rushing to tap public markets and cash in on a flood of local retail investors, who have helped push the country’s stocks to new highs.
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Three companies have filed with the Istanbul exchange recently, targeting initial public offerings this year, including Verusa Holding AS’s construction unit Aldem Celik and Odas Elektrik AS’s coal miner Can Komur. And at least another seven companies said they are considering going public in Turkey in 2021. If all of the listings materialize, it would be Borsa Istanbul’s busiest year for IPOs since 2014, according to data from Turkey’s Capital Markets Board.