Cybersecurity
Turkey’s First IPO in Six Months Derailed by Cyber Attacks, Fed
- Share sale was poised to be the nation’s biggest in 3 years
- Phone company had planned to start trading on Thursday
Global Tower Postpones IPO
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Turkey’s biggest initial public offering in three years has been postponed just days before shares were due to start trading.
Turkcell Iletisim Hizmetleri AS, the country’s largest wireless operator, said it would wait for “a time when markets come to a more secure and stable state" before selling a stake in Global Tower, citing cyber attacks targeting popular websites last week, risks related to the U.S. elections and Federal Reserve rate policy.