Increase in Monetary Threshold of Initial Public Offerings 2024 for Turkey is newly declared by Capital Markets Board of Turkey (Hereinafter as the Board). The Board changed the financial criteria for initial public offerings.
Introduction
Investment Advice offered by Turkish investment lawyers and|or Turkish business lawyers for investing in İstanbul and Turkey are very helpful for particularly foreign investors. Pi Legal Consultancy formulates papers for legal alerts on free investment advice for long-term investment projects in Turkey. Undoubtedly, expert advice can have an enormous impact duly planning the scope of any investment project.
Is Türkiye safe for investment? If you are curious about the answer to the question, you can read our article.
The development and enforcement of an overarching core principles is necessary for better integrated and consolidated capital markets. It is also essential to attract investments for Turkey. Monetary threshold for initial public offerings is an important aspect for consideration.
What is the main Supreme Authority for Capital Markets in Turkey?
The Capital Markets Board of Turkey is the main regulatory and supervisory authority for the field. The Board are granted following mandates:
- enhancement of investor protection,
- adoption the norms of the international capital markets,
- promotion and enhancement of the effectiveness of both the supply and the demand side of the markets,
- promotion of transparency and fairness in the capital
markets,
facilitation of modernisation of the market structure,
- enhancement of the infrastructure of the capital markets.
Increase in Monetary Threshold of Initial Public Offerings 2024 for Turkey
For our work and all legal services on the matter of capital markets, please click our Practice Areas, titled Capital Markets
What is the legal alert on increase in monetary threshold of initial public offerings 2024 for Turkey?
A new decision dated December 29, 2023 has been published in the Capital Markets Board Bulletin (2023/82). Monetary thresholds have been revised by the Board for initial public offerings.
In accordance with the decision, the minimum amount for the registered capital system cannot be lower than TRY 100.000.000.
What is more, for companies whose shares will be offered to the public for the first time, the total assets cannot be lower than TRY 1.500.000.000. In terms of net sales revenue, it cannot be lower than TRY 750.000.000 in its 2023 year-end financial statement.
increase in monetary threshold for Turkey
For a comprehensive discussion on the establishment of limited liability companies, take a look at our article on Limited Liability Company Formation.
For a comprehensive discussion on the establishment of limited liability companies, take a look at our article on Limited Liability Company Formation.
What is the monetary threshold for initial public offerings?
Monetary threshold is meant to meet minimum criteria in order to be able to go public for corporations. National authorities are granted wide margin of appreciation to interfere with changing the standards and conditions for initial public offerings.
What is capital markets consultancy?
The main purpose of Capital Markets Law is to regulate and control the secure, fair and orderly functioning of the capital markets and to protect the rights and benefits of the investors in Turkey. Changing capital markets remains a global challenge for every single country. The Turkish capital market legal regime is far beyond simple and thus requires an effective capital markets consultation. Capital markets consultancy will pave the way for success rate of your capital investments.
What Is the Role of Pi Legal Consultancy for capital markets consultancy?
Pi Legal Consultancy capital markets consultants support inter alia, as follows:
- Initial public offerings,
- Structured finance,
- Mergers and acquisitions,
- Real estate and regular investment trusts,
- IPO Transactions,
- Issue and sale of capital market instruments,
- Call for public offer with a view to purchasing capital market instruments and any sale,
- Publicly held corporation,
- Publication of the prospectus, announcement and advertisements.
Conclusion
In the final analysis, it is worth re-emphasizing that Turkey has been regarded as one of the most attractive investment-friendly regions across the globe. Investors should bear in mind all regulatory changes about Turkey. The Turkish Capital Markets Board made a recent change in initial public offerings 2024 for Turkey. In short, this change will have a challenging influence upon initial public offerings 2024 and going public for Turkey.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
