Minimum Amounts For Public Offerings Increased

With the decision published in the Capital Markets Board Bulletin dated 29.12.2023 and numbered 2023/82 ["Decision"], the amounts subject to revaluation in the Capital Markets Law No. 6362 and related regulations and other regulations were determined for the year 2024.

Implications of the Regulation

According to the Decision, the increased amounts will be applicable in all applications made after December 31, 2023. The main ones to be applied especially in the initial public offering of non-public companies are as follows:

i. If the market value of the shares to be offered to the public in the IPO is less than 400 million Turkish liras, all of the unsold shares, and if the market value of the shares to be offered to the public is between 400 million Turkish liras and 800 million Turkish liras, all of the unsold shares up to 400 million Turkish liras and half of the shares exceeding 400 million Turkish liras will be purchased by the intermediary institutions at