16 Companies Went Public in First Half of Year: How Markets Are Climbing

Capital markets interest has reached new heights. Borsa Istanbul saw a total of 16 companies go public in the first six months of the year, marking the busiest public offering period of 2023.

Sectoral Breakdown of IPOs

■The technology sector led with 45% of the public offerings.

■Healthcare and renewable energy sectors also showed strong performance.

■Financial services accounted for 20% of the total.

Market Reactions

■Stock prices of the newly public companies exceeded expectations, ranging between 20%-50%.

■Investors particularly focused on chip manufacturers and green energy companies.

■The BIST 100 index rose by 3% following the IPO announcements.

Markets in this IPO wave are responding to both looser credit conditions and the U.S. economic data. With more public offerings expected in the coming months, investors must be cautious in sector selection.