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ARTICLE · 15 APRIL 2024

IPO Submissions Are Eased For Certain Sectors

Sadik& Çapan
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Pursuant to the Capital Markets Board ("CMB")'s decision published in the CMB Bulletin dated December 29, 2023 and numbered 2023/82.

TurkeyCorporate/Commercial Law
Nazlı Tönük Çapan
Nazlı Tönük Çapan
Seda Köprülü
Seda Köprülü
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Pursuant to the Capital Markets Board ("CMB")'s decision published in the CMB Bulletin dated December 29, 2023 and numbered 2023/82, the amounts subject to revaluation in the relevant capital markets legislation were determined for the year 2024, and with this revaluation on the financial thresholds, the conditions for public offering became more difficult for the companies whose shares will be offered through initial public offering ("IPO") in 2024.

Pursuant to the decision published in the CMB Bulletin dated March 28, 2024 and numbered 2024/17 ("CMB Decision"), the financial thresholds applicable to the IPO submissions of companies operating in sectors such as renewable energy, petrochemicals, defense industry, agriculture, etc. have been reduced considering the difficulty of fulfilling a certain monetary levels in the financial statements due to the sector-specific differences of the companies applying to the CMB for the IPO and the priorities and priority

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