• Wed. Nov 29th, 2023

Over 100 Companies File for IPOs, Half Expected to Go Public by Year’s End

ByEditor

Nov 21, 2023

In recent years, the number of investors in the stock market and public offerings has skyrocketed. As Chairman of the Capital Markets Board (CMB), İbrahim Ömer Gönül discussed this trend and emphasized the need for a logical investment strategy.

Gönül acknowledged that people are drawn to the stock market because they seek new ways to grow their money. He also pointed out that increasing deposit interest rates could impact public offerings and stock market interest, which is why careful market regulation is necessary.

The CMB has received nearly 100 public offering applications in the past year, highlighting the importance of evaluating companies’ ability to meet market demands and fulfill necessary conditions. Gönül also emphasized the need to carefully consider the size of public offerings and demand for them.

One significant development brought about by increased public offerings in Turkey is an influx of new investors who may not have basic investment knowledge. Gönül advised these investors to approach public offerings with a professional mindset and seek guidance from financial professionals.

When asked about future approval processes, Gönül reiterated his commitment to caution and continued careful evaluation of applications. He also addressed challenges posed by large volume transactions and movements in the stock market, emphasizing the need for close monitoring and collaboration with the stock exchange to maintain stability.

In summary, Gönül’s statements underscored the importance of approaching investment in a rational manner with well-informed strategies while maintaining cautious market regulation.

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