Turkey’s IPO Pipeline Overflows With Nearly 100 On Runway
- Turkey Capital Markets Board expects about 50 IPOs annually
- Chairman tells retail investors IPO returns not guaranteed
The Borsa Istanbul SA stock exchange.
Photographer: Ismail Ferdous/BloombergThis article is for subscribers only.
The rush for initial public offerings in Turkey shows no signs of abating, with nearly 100 companies awaiting approval to list next year.
The expected surge will follow a bumper year, with about 50 companies expected to debut on Borsa Istanbul by end-2023, Ibrahim Omer Gonul, head of Turkey’s Capital Markets Board, said in an interview with Bloomberg.