Borsa Istanbul Inc. (“BIST”) announced significant changes to the Listing Directive on December 29, 2023. As a result, the listing requirements for the Star Market, Main Market, and Emerging Market have been amended.
According to the amendments; the minimum market value of publicly traded shares for companies listing on the Star Market has been increased from 300,000,000 TL to 1,000,000,000 TL; for companies listing on the Main Market, the minimum market value of publicly traded shares has been raised from 75,000,000 TL to 250,000,000 TL; the minimum market value of publicly traded shares for companies listing on the Emerging Market has been elevated from 40,000,000 TL to 100,000,000 TL.
Simultaneously, the threshold for the ratio of publicly traded shares to the company’s capital has been reduced from 15% to 10% for the Star Market.
Lastly, for Star Market listing applications, the minimum market value threshold for publicly traded shares, which is one of the conditions required for the listing of the shares of companies at the discretion of the BIST Board of Directors that fail to meet the period profit and/or equity/capital ratio requirement, has been increased from 500,000,000 TL to 1,500,000,000 TL.
With the abovementioned amendments, as the Capital Markets Board defines the conditions for initial public offerings in the new year, BIST has also set the criteria for listings in the new year.
