International investors have gained a taste for the Turkish market since Vestel, the leading colour television manufacturer, successfully closed a $40 million secondary offering in the international market. Other Turkish companies have taken their cue from Vestel’s success.
At least three others are on the way to the market:
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Sabanci Group, Turkey’s second largest private conglomerate with many quoted companies, will make a primary offering of its holding company;
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Yapi Kredi Bank (YKB), Turkey’s largest private sector bank, which will make a secondary offering; and
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Uzel Makina, Turkey’s largest tractor manufacturer, which will be a newcomer to the stock market.
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