In IPOs the lead manager coordinates preparation of the prospectus, book-building and allocation. Several firms may form a syndicate to participate in the sale.
Source: 6362 sayılı SPKn m. 37
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.Book-buildingThe process in an IPO of collecting investors' share purchase orders over set days and allocating them under the distribution rules.Capital Markets Board (CMB)The independent administrative authority responsible for regulating and supervising capital markets in Turkey.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.