Turkey: Istanbul puts on its small cap

Turkish exchange to replicate UK’s AIM; Istanbul looks to expand horizons to Russia, Middle East

number of companies traded on the ISE

The Istanbul Stock Exchange is the latest bourse from emerging Europe to announce plans to establish a small-cap market segment, which it is hoped will mirror the success of the London Stock Exchange’s Alternative Investment Market (AIM). Established in 1995, AIM has attracted more than 3,100 companies, which have raised almost $100 billion. The latest announcement by the IPE is part of an initiative launched in October 2008 to triple the number of companies listed to 1,000 by 2014, from about 320 at present.

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