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The term for book building may begin at the earliest following the
second business day of the announcement of the circular. The term for
book building must be at least 2 business days and can be no more than
30 days.
On book building, if there is more than one investor, the highest amount
will be taken into consideration and others will be revoked.
Investors wishing to buy the book should deposit the amount in the
bank account mentioned in the circular and within the period mentioned
therein. They should also fill in and sign the book building form. Moreover,
corporate investors might deposit the amount following the end of the term
of book building provided that the responsibility of nonpayment risk is
borne by intermediary institutions.
Sales Methods:
1) Book building: All demands regarding the offered shares are
collected and these demands are evaluated in accordance with the
circular and they are allocated
Sale can be done by:
- Fixed Fee,
- Quotation of a price,
- Price Range.
2) Sale without book building: The sale by public offering without
book building of the shares of public entities whose shares are not
registered in Istanbul Stock Exchange and the companies which are
outside the scope of the Communiqué.
Subject to the terms defined by the Capital Markets Board, cash or non-
cash incentives can be given to certain investor groups in public offering.