RECORD NUMBERS OF IPOS AND INVESTORS EXPECTED IN 2021

Borsa Istanbul (BIST) General Manager, Hakan Atilla, said that 2020 had been a successful year for BIST. “We have reached the highest trading volume and index levels in all markets,” he said. “Along with the records in the number of investors and trading volume, we are expecting a record level of IPOs this year.” According to a statement from BIST, in 2020 the operating income of the stock exchange reached TRY 2.5bn while its net profits exceeded TRY 1.4bn, a 43% increase over the year, setting a new record. Meanwhile, BIST’s solo net profits increased by 127% over the past year. Atilla stated that the number of investors in BIST increased by 64% since last year, reaching two million. “In 2020, eight companies carried out TRY in IPOs. Approximately TRY 200bn in resources were provided with the issuance of 1,254 debt instruments,” he said.