Business

Borsa Istanbul: New companies brought a lot to investors

Companies that offered their stocks to the public this year overtook the index on the rise. In the last 1 year, the IPO index has made a premium of more than 6.5 times the main index in the stock market.

While 33 companies have made a public offering of ₺14.7 billion in Borsa Istanbul so far this year, companies that have just started trading have revived their investors. The increase in the IPO Index, which measures the performance of the shares that went public in the last 1 year, when the index increased by 31.5% in Borsa Istanbul, reached 206% . IPO index, which is the index that has increased the most in the last 1 year, made a premium of 76% in 2021, when BIST-100 lost 1.25% of its value.

3 COMPANIES EXCEED 200%

Shares of 32 companies that completed their public offerings this year in the stock market began to be traded on Borsa Istanbul. While only 7 of these stocks fell below the public offering price, 25 stocks made a profit for the investors. Among the newly opened shares, Cante made the highest premium with 253%. The share, which started trading at ₺3.90 on April 30, 2021, completed last week at ₺13.77. Turk Ilac ranked second in the rise after the public offering with a premium of 216%. The share, which started trading at ₺4.76 on March 5, closed last week at ₺15.08. The shares of Kutahya Seker, which started trading at ₺21 on July 8, rose 204% to ₺63.85.

HIGHEST DECREASE IS IN UNLU HOLDING

Among the shares that went public this year, the highest decrease was experienced in Unlu Investment Holding with 28.5%. Unlu shares, which started trading at ₺6.90 on May 7, finished last week at ₺4.93. Galata Wind shares, which started trading at ₺5.06 on April 22, decreased by 26.8% to ₺3.70. Aydem Energy, which started trading at ₺9.90 on April 29, lost 24.75% in value. Having completed its IPO, Nasmed will begin trading next week. YED Teknoloji and Orcay are also expected to start trading on the stock market as of next week. With the completion of the said public offerings, 35 companies will have made a public offering of ₺15 billion this year.

₺26 BILLION RESOURCES PROVIDED

While ₺15 billion of income was provided to companies through the IPO channel, an important resource was also obtained through paid capital increases and stock sales. This year, the resource obtained only through paid capital increases reached ₺11 billion. Thus, the total resources provided to companies through the stock market channel reached ₺26 billion. Analysts expect IPOs to exceed ₺20 billion by the end of the year

Source: Sabah / Translated by Irem Yildiz

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