Orders may be collected at a fixed price or within a price range; allocation percentages for domestic retail, domestic institutional and foreign institutional investors are set out in the prospectus. Results are announced in the sales results report.
Source: SPK Pay Tebliği (VII-128.1)
Related terms
Initial public offering (IPO)A company's shares being offered to investors for the first time with CMB approval and starting to trade on the exchange.ProspectusThe document approved by the CMB containing the information investors need to make a decision about the issuer and the capital market instruments to be offered.Investment firm (brokerage)An investment firm authorised by the CMB to carry out activities such as brokering trades in capital market instruments, underwriting public offerings, portfolio management and investment advice.Authorised capital systemA system under which the board may increase capital up to a ceiling set in the articles of association without a general assembly resolution.Bonus issueIssuing shares to shareholders by adding a company's internal resources (reserves, retained earnings, capital adjustment differences) to its capital.Borsa IstanbulThe exchange in Turkey on which shares, debt instruments, derivatives and precious metals are traded.
Last updated: October 31, 2026 · This definition is for general information only.