Mr Capital Market: interview with Huseyin Erkan, chairman and chief executive of the Istanbul Stock Exchange
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CAPITAL MARKETS

Mr Capital Market: interview with Huseyin Erkan, chairman and chief executive of the Istanbul Stock Exchange

Huseyin Erkan is chairman and chief executive of the Istanbul Stock Exchange and one of the main proponents of a deepening of Turkey’s capital markets. The potential for new securities, markets and issuers is there but many bridges need to be crossed. Erkan speaks to Nick Lord.

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Huseyin Erkan, chairman and chief executive of the Istanbul Stock Exchange

"Only 12% of the top 1,000 companies are listed on the exchange, so the potential is extremely large"

Huseyin Erkan, Istanbul Stock Exchange

Are you happy with the increased momentum in the IPO market?




Huseyin Erkan, chairman and chief executive of the Istanbul Stock Exchange
We are. In the years between 2001 and 2009 the average number of IPOs went down to about five a year. Last year we had a big conference in May that brought 600 companies together and since then the momentum has really grown. Last year up to May we had only four companies making public offerings. In 2010 after May, an additional 18 companies came to market. Since the beginning of 2011 five companies have come to market.

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How about wider capital market developments?


Huseyin Erkan, chairman and chief executive of the Istanbul Stock Exchange

Companies have done a carry trade over the years.


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