The Turkish stock market ranked 10th globally and first in Europe for IPO funding size in 2023, according to Ibrahim Omer Gonul, chairman of the Capital Markets Board

Gonul spoke during discussions on the 2025 budget for his ministry and affiliated institutions at the Turkish Parliament’s Planning and Budget Commission. He highlighted that Türkiye’s capital markets have seen significant participation, with 7 million stock investors and 5.4 million investment fund investors.

Additionally, approximately 36 million people have directly or indirectly become investors in the capital markets through instruments such as bonds, bills, and the Private Pension System.

In 2023, 54 companies went public, raising a total of ₺79.3 billion ($2.3 billion) through IPO. As of the end of Oct. 2024, 31 companies completed IPOs, securing ₺55.9 billion ($1.6 billion) in funding from Borsa Istanbul.

Gonul noted that the total value of assets managed by securities investment funds reached ₺3.7 trillion ($107.4 billion) by the end of Oct. 2024. He also shared that 692 companies are currently registered with the Capital Markets Board, 570 of which are traded on the stock exchange, with their total market capitalization amounting to ₺12.16 trillion ($353.2 billion).