Turkish Major Shareholders Sell $1.2 Billion in Stock as Foreign Buyers Defy Turmoil
Updated
Updated · Bloomberg · Jun 4
Turkish Major Shareholders Sell $1.2 Billion in Stock as Foreign Buyers Defy Turmoil
1 articles · Updated · Bloomberg · Jun 4
Summary
$1.2 billion of Turkish shares has been sold through accelerated bookbuilds since January, with major shareholders in eight listed companies tapping foreign demand.
More than 70% growth in dollar terms from a year earlier shows investors are still finding value in Turkish equities despite domestic political turmoil and fallout from the Iran war.
Several offerings were upsized after initial launch, indicating demand was strong enough to absorb more stock than sellers first planned.
The burst of fast-track deals suggests overseas investors are selectively returning to Turkey even as broader geopolitical and local risks continue to weigh on the market.