2026 Istanbul IPOs: ZGYO's 290% Surge, AAGYO's 32% Decline

The 2026 Istanbul Stock Exchange IPOs delivered performance surprises for investors.

Record-High Gain

■ZGYO: surged from 9.77 TL to 38.20 TL, delivering a 290.99 % return.

Declining Names

■AAGYO: fell from 21.10 TL to 14.25 TL, a 32.46 % decline.

■EKİM: dropped from 30.26 TL to 22.22 TL, a 26.57 % loss.

■SSAAT: slid from 56 TL to 46.16 TL, a 17.57 % loss.

■SOHOE: decreased from 15 TL to 12.38 TL, a 17.47 % loss.

Investors should weigh volatility and sector-based risks when assessing IPO performance; while high-return cases like ZGYO reflect long-term growth potential, AAGYO’s dramatic drop demonstrates how quickly market expectations can be overturned.