The IPO process consists of preparation, drafting the prospectus, a special independent audit of the financial statements, the CMB application and approval, book-building and listing. An IPO gives the company new financing, corporate reputation and liquidity, while bringing public disclosure and corporate governance obligations.
Related terms
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.Use of proceeds reportA report showing whether the funds raised in an IPO or capital increase have been used for the purposes stated in the prospectus.Borsa IstanbulThe exchange in Turkey on which shares, debt instruments, derivatives and precious metals are traded.Price determination reportA report explaining the methods and assumptions used to set the offer price of shares in an IPO.Corporate governance principlesPrinciples set by the CMB for listed companies concerning shareholders, public disclosure, stakeholders and the board of directors.Bonus issueIssuing shares to shareholders by adding a company's internal resources (reserves, retained earnings, capital adjustment differences) to its capital.
Last updated: October 22, 2026 · This definition is for general information only.