The Chairman of the Capital Markets Board (CMB), İbrahim Ömer Gönül, spoke about the growing interest in the stock market and public offerings among investors in Turkey. He highlighted the need for a logical investment strategy and cautious market regulation to ensure that companies meet market demands and necessary conditions.
Gönül acknowledged that the increasing popularity of public offerings is driven by people seeking new ways to grow their money. However, he emphasized the importance of considering deposit interest rates and their potential impact on public offerings and stock market interest.
The CMB has received nearly 100 public offering applications, and Gönül stressed the importance of evaluating each company’s ability to meet these demands while also considering factors such as public demand for these offerings.
He also warned new investors who may lack basic investment knowledge to approach public offerings with a professional mindset and seek guidance from financial professionals. When asked about future approval processes, Gönül reiterated his commitment to caution in his principles, emphasizing the need for careful evaluation before approving any application.
Gönül also addressed challenges posed by large volume transactions and movements in the stock market, emphasizing the importance of closely monitoring developments and collaborating with the stock exchange to maintain market stability. Overall, Gönül’s statements underscored the need for a rational, well-informed investment strategy and cautious market regulation when approaching public offerings in Turkey.