In 2024, 34 Companies Went Public, While Over 100 Are Preparing for 2025!
Foreks - In 2024, a total of 34 companies went public, with over 100 companies preparing for IPOs in 2025.
With the upcoming demand collection for Armada Food Trade Industry Inc. this week, the total number of IPOs in 2024 will reach 34; over 100 companies have prepared their prospectuses for next year’s public offerings.
This wraps up the IPO schedule for this year with Armada Food. If an IPO announcement occurs in the Capital Markets Board (CMB) bulletin this week, the demand collection will be postponed to next year.
According to compiled information, the total market value of the 34 IPOs reached 59 billion 513.1 million TL. In 2023, there were a total of 56 IPOs valued at 79 billion 787.1 million TL.
May was the month with the highest number of IPOs, witnessing 7 IPOs with a market value of 16.63 billion TL. No IPOs took place in January and November. February, March, and August each accounted for 4 IPOs, sharing the second rank.
The largest IPOs of the year ranked as follows: Rönesans Real Estate Investments with a market value of 4 billion 503.3 million TL, Lila Kağıt (IS:LILAK) with a market value of 4 billion 486.8 million TL, and Koton with a market value of 4 billion 166.3 million TL.
Of the companies that went public this year, 12 are listed in the Main Market, while 22 are in the Star Market.
Halk Yatırım Menkul Değerler took the lead by facilitating the market entry of 6 companies, followed by Deniz Yatırım Menkul Kıymetler and Türkiye Sınai Kalkınma Bankası (IS:TSKB) with 4 IPOs each. Ak Yatırım Menkul Değerler, İnfo Yatırım Menkul Değerler, İş Yatırım Menkul Değerler (IS:ISMEN), QNB Finans (IS:QNBFK) Menkul Değerler, Ziraat Yatırım Menkul Değerler each facilitated 3 IPOs, while Bulls Yatırım Menkul Değerler, Gedik Yatırım (IS:GEDIK) Menkul Değerler, Global Menkul Değerler (IS:GLBMD), İntegral Yatırım Menkul Değerler, and Yatırım Finansman Menkul Değerler each had 2. A1 Capital Yatırım (IS:A1CAP) Menkul Değerler, ALB Yatırım Menkul Değerler, Şeker Yatırım Menkul Değerler, Tera Yatırım Menkul Değerler (IS:TERA), Türkiye Kalkınma ve Yatırım (IS:KLNMA) Bankası, Ünlü Menkul Değerler, Vakıf Yatırım Menkul Değerler, and Yapı Kredi (IS:YKBNK) Yatırım Menkul Değerler facilitated 1 IPO each.
With the IPOs, the number of listed companies, which stood at 539 at the end of 2023, will rise to 573 with the addition of Armada Food.
- Over 100 Companies Queue for IPOs in the New Year -
The year 2025 is expected to be more active in terms of IPOs compared to 2024.
The CMB President Ömer Gönül stated recently that they anticipate a high number of IPOs in 2025 based on incoming demand.
Foreks has reported that a total of 102 companies have prepared prospectuses for IPOs in 2025.
The companies preparing for IPOs come from various sectors, including mining, construction, food, and energy.
Officials from companies that have not yet reached their prospectuses or that are still in preparation have also made statements regarding IPOs.
Some of these statements are as follows:
Ali Kibar, Chairman of Kibar Holding, mentioned that they are preparing to go public with Assan Panel, a leading company in the sandwich panel sector, in the first quarter of 2025.
Candaş, Vice President of the Western Anatolia Companies Group, stated that they are considering an IPO for Batıliman located in Aliağa in the Nemrut Gulf in 2025.
İbrahim Babacan, Chairman of Babacan Holding, announced their preparations for an IPO of their real estate company in May.
Doğan Holding (IS:DOHOL) has planned to launch the IPO of 1-2 of its companies in 2025.
Fatih Erdoğan, Chairman of Pasifik Holding, discussed plans for an IPO on the holding side.
E.ON SE and Sabancı Holding have authorized Citigroup, JPMorgan (NYSE:JPM), and Morgan Stanley for the IPO of Enerjisa Üretim, in which they hold equal shares.
Tekfen Holding (IS:TKFEN) decided to apply to the CMB regarding the articles of association related to a potential IPO for Toros Tarım. - Historical Development of IPOs -