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Galatasaray: hard to beat on the pitch but losing in the market |
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Egged on by vociferous fans, Galatasaray is doing well. Turkey’s top football club has not been beaten for 18 home European matches.
Now intense competition with local rivals Besiktas in Istanbul has reopened the Turkish IPO market in a remarkable way with both clubs racing to do offerings on the same day selling similar numbers of shares.
Besiktas offered 326.5 million, raising $14 million and Galatasaray offered 325.6
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