Share on LinkedInShare on LinkedIn

ARTICLE · 30 MAY 2023

Alternative Method For Going Public Enters Into Force

The Communiqué on Companies whose Shares will be Traded on the Venture Capital Market ("Communiqué") entered into force through publication in the Official Gazette dated 18 May 2023.

TurkeyCorporate/Commercial Law

New Development

The Communiqué on Companies whose Shares will be Traded on the Venture Capital Market ("Communiqué") entered into force through publication in the Official Gazette dated 18 May 2023.

The Capital Markets Board (the "CMB") published the Draft Communiqué on Companies whose Shares will be Traded on the Venture Capital Market ("Draft Communiqué") on 20 September 2022. You can access our newsletter dated 3 October 2022 regarding the Draft Communiqué here.

What Does the Communiqué Regulate?

The Communiqué introduces the possibility of selling the shares of a joint stock company to qualified investors through capital increase without offering these shares to the public. Accordingly, joint stock companies will be able to go public by way of selling their newly issued shares to qualified investors without publicly offering these shares.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

See more popular content from