‘IPO’ warning to investors from CMB Chairman Gönül
Capital Markets Board Chairman İbrahim Ömer Gönül said that they have nearly 100 public offering applications on their desks, but they do not expect all of them to be approved. Gönül also warned citizens who want to invest in public offerings.
Capital Markets Board Chairman İbrahim Ömer Gönül made evaluations about public offerings.
USASpeaking to Firat Kozok and Tugce Ozsoy from the financial agency Bloomberg, Gönül said that they have nearly 100 IPO applications on their desks, but they do not expect all of them to be approved.
Gönül said, “It may not always be a good idea to complete public offerings too quickly. “It is important to look at the state of the market, the conjuncture, and whether there will be sufficient demand to complete the listings,” he said.
So far this year, 47 companies have completed their public offerings on Borsa Istanbul, raising a total of approximately 66 billion liras, or 2.9 billion at the average exchange rate. dollar collected. Gönül stated that they could complete 2023 with around 50 public offerings.
‘INTEREST RATE INCREASES MAY CAUSE A SLOWING DOWN’
Gönül said, “The increase in demand for stocks is important, but these investors do not want to invest in the stock market. game We don’t want them to enter like they’re playing. Many investors target only publicly traded stocks, thinking they will always get huge returns. “But sustained profits can never be guaranteed,” he said.
Gönül stated that it is more appropriate for citizens who want state-guaranteed returns to buy bonds.
Finally, Gönül said, “If there are outflows from the stock market due to the increase in deposit interest rates, this may lead to a slowdown in new listings,” adding that he does not expect this to happen.
