IPO & Investment Banking
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This document discusses initial public offerings (IPOs) and investment banking. It provides an overview of private placements versus public offerings for companies raising capital. The advantages of going public include access to financial resources, increased liquidity, and widespread publicity, while the disadvantages include ongoing reporting costs and difficulty with insider dealings. Various financial institutions in Turkey are involved in the IPO process, primarily through intermediation and portfolio management activities. Between 2002-2009, the most common IPO methods in Turkey were stand-by underwriting and best-effort underwriting. An example is provided comparing two Turkish companies' IPOs that used different underwriting approaches.
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- 2. How Does a Company Raise Capital? Private Placement vs. Public Offerings
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- 7. IPO Future How about FUTURE? New campaign (IMKB, TOBB, TSPAKB), purpose is to reach 1000 companies by 2023 (Huseyin Erkan stated) Until the end of 2010, 27 new companies (Koza, Pegasus ..) Foreign Investors
- 8. Finally; I would like to clarify IPO with an example from Turkish Market.
- 9. • Consortium with 39 • Consortium with 36 fin. financial inst. inst. leading by Is Inv. • 25.18 % of its shares 24.98 % of its shares has been sold has been sold (322,000,000 stocks) (312,250,256 stocks) • Partially stand-by Best-effort underwriting underwriting method • Book building through Book building through collection of beats collection of beats (6.4 – (4.75 – 5.93) 8 TL) • Results; 1.723.298.83 TL revenue. Results; 2.476.100.502, 64 TL revenue