ANKARA
Turkish companies have raised 60 billion Turkish lira (US$27 billion) through initial public offerings (IPO) in 2013, compared to 47.9 billion Turkish lira in 2012.
According to data by Borsa Istanbul, the shares in the secondary public offering of Emlak Konut GYO, the largest real estate investment partnership in Turkey, have received a demand of 2.3 times the actual offering.
The size of the public offering has reached 3.25 billion Turkish lira (US$1,46 billion dollars).
The company's public offering has seen interest from over 100 investors in 20 different countries, and has become the largest public offering of the year that is being undertaken by way of increasing capital, in Central and Eastern Europe, the Middle East and African regions.
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