Borsa Istanbul ranks first in Europe in size of initial public offerings

Turkey’s Borsa Istanbul secured the top position in Europe for the size of its initial public offerings (IPOs) and was among the top 10 countries globally in Ernst & Young’s ranking for 2023.

Duvar English

Borsa Istanbul became the 11th stock exchange in the world in terms of the number of public offerings with 52 public offerings in 2023 and the 10th in terms of the size of public offerings, according to Ernst & Young (EY) Global IPO Trends 2023 report.

The process in which a private company initially offers its shares of stock to the public is referred to as an initial public offering (IPO).

Turkey's IPOs reached a size of three billion dollars in 2023. The report also drew attention to the good stock market performance of the companies that went public.

While there is a decline in IPOs in the world compared to 2022, all companies saw the ceiling level in first day returns in Turkey and their good performance lasted during the consecutive months. 

The number of public offerings worldwide decreased by eight percent in 2023 compared to 2022 while their size decreased to $123.2 billion, with a 33 percent loss.

Turkey’s 2023 IPO numbers were 120 percent higher than the 5-year average while IPO proceeds were 160 percent higher that the 5-year average. 

Taken from EY's report.
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Topics initial public offering IPO Borsa Istanbul stock exchange Ernst & Young