In Borsa Istanbul, a double record was broken in public offerings this year. The number of companies going public and the fund collected reached the highest level in history. In the stock market, 50 companies made public offerings this year, generating a revenue of ₺20.4 billion. The demand for these public offerings reached ₺128.8 billion.
The incentive regulations of the Capital Markets Board and Borsa Istanbul increased the interest of companies in Borsa Istanbul. In Borsa Istanbul, a double record was broken in public offerings this year. The number of companies going public and the fund collected reached the highest level in history. In the stock market, 50 companies made public offerings this year, generating a revenue of ₺20.4 billion. The demand for these public offerings reached ₺128.8 billion.
5X INCOME OF THE EXCHANGE
The companies that went public this year also put a smile on the face of the investor in terms of returns. While the BIST-100 Index has increased by 20.2% since the beginning of the year, the increase in the IPO index was 98.8%. Thus, the return of the companies offered to the public reached 5 times the average of the stock market.
Public offerings also increased the number of investors in the stock market. The number of domestic investors in the stock market, which was 1 million 976 thousand at the end of 2020, increased to 2 million 661 thousand in April 2021. As of the end of October, the number of investors stood at 2 million 352 thousand.
FOREIGNERS HAVE BEEN BUYERS FOR 4 WEEKS
On the other hand, the positive expectations regarding the Turkish economy, the cheaper prices in dollar terms due to the increase in the exchange rate, and the discount, which exceeded 50% compared to similar countries, increased the interest of foreigners in Borsa Istanbul.
According to the data announced by the Central Bank, non-residents made a net purchase of $384 million in the stock market during the week of 12-19 November. Foreign investors, who have been net buyers on the stock side for 4 weeks in a row with the last week, purchased a total of $1 billion 162 million of stocks in this period.
In the period from October 22 to November 19, when foreign inflows accelerated, the index rose 20% in Borsa Istanbul. Between these dates, the total market value of the companies increased by ₺350 billion.
Source: Sabah / Translated by Irem Yildiz