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ARTICLE · 23 SEPTEMBER 2024

CMB Facilitating Larger IPOs

Esin Attorney Partnership
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To meet investor demand at a high rate, the Capital Markets Board (the "CMB") has introduced significant amendments to the sale methods and distribution principles for initial public offerings...

TurkeyFinance and Banking
Muhsin Keskin
Muhsin Keskin
Ali Cetin
Ali Cetin
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Recent Developments

To meet investor demand at a high rate, the Capital Markets Board (the "CMB") has introduced significant amendments to the sale methods and distribution principles for initial public offerings ("IPOs") with its resolution numbered i-SPK.128.23 (dated 19 September 2024 and numbered 1508) (the "Resolution"). You can access the CMB bulletin in which the Resolution was published here.

With the Resolution, the CMB repealed its resolution numbered i-SPK-128.21 (dated 30 March 2023 and numbered 20/412) ("Former Resolution"). However, it is worth noting that many of the provisions of the Former Resolution are also preserved under the Resolution.

What's new?

According to the Resolution, IPOs will be subject to the following rules:

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