Market Insights Financial Corporate Finance

Initial Public Offerings - Turkey

Turkey

The projected transaction value in the Initial Public Offerings market market in Turkey is expected to reach US$1.29bn by 2024.
This reflects an annual growth rate (CAGR 2024-[yeartoday]) of -6.98%, resulting in a total projected amount of US$1.29bn by that year.
Furthermore, the average transaction value in the Initial Public Offerings market market in Turkey is estimated to be US$72.30m in 2024.
When compared globally, it is noteworthy that in China exhibits the highest transaction value, reaching US$63,330.00m in 2024.
The Turkish IPO market is experiencing a surge in activity as companies take advantage of favorable market conditions and investor appetite for new opportunities.

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Analyst Opinion

The Initial Public Offerings market in Turkey has been experiencing a significant uptick in activity in recent years.

Customer preferences: Investors in Turkey have shown a growing interest in IPOs, seeking opportunities for high returns on their investments. With a robust appetite for risk, Turkish investors are increasingly looking towards IPOs as a way to diversify their portfolios and capitalize on the potential growth of newly listed companies.

Trends in the market: One notable trend in the Turkish IPO market is the increasing number of technology and e-commerce companies going public. As the digital economy continues to expand globally, Turkish tech startups are seizing the opportunity to raise capital through IPOs to fuel their growth and innovation. This trend aligns with the broader shift towards digitalization and technological advancements in the country.

Local special circumstances: Turkey's strategic geographical location between Europe and Asia positions it as a gateway for businesses looking to expand into both regions. This unique positioning has attracted foreign investors to the Turkish IPO market, leading to a more diverse range of companies going public. Additionally, the government's efforts to promote entrepreneurship and attract foreign investment have created a favorable environment for companies considering an IPO.

Underlying macroeconomic factors: The stable economic growth and increasing investor confidence in Turkey have contributed to the positive momentum in the IPO market. As the Turkish economy continues to recover from previous challenges, such as currency depreciation and political instability, investors are gaining more confidence in the market's potential for growth. Additionally, low interest rates and ample liquidity in the financial markets have made investing in IPOs an attractive option for both institutional and retail investors.

Methodology

Data coverage:

Figures are based on the revenue generated by the Investment Banking market, as well as the transaction value, the number of transactions, and the average transactions size of the Mergers and Acquisitions (M&As) and Initial Public Offerings (IPOs) markets.

Modeling approach / Market size:

Market sizes are determined by a bottom-up approach and are based on a specific rationale for each market. As a basis for evaluating markets, we use market research and analysis, as well as data from annual financial reports. Furthermore, we use relevant key market indicators and data from country-specific associations and national data bureaus, such as GDP, wealth per capita, and total investment (% of GDP). This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. In this market, we use the HOLT-damped Trend method to forecast future development. The main drivers are GDP per capita and total investment (% of GDP).

Additional Notes:

The market is updated twice per year in the event that market dynamics change.