Reported about 1 month ago
In Turkey, the recent underperformance of newly listed stocks compared to the broader market for the first time in six years has raised concerns about investor demand for initial public offerings (IPOs). The IPO index has only gained 12% this year, which pales in comparison to the 33% increase in the benchmark index. Tighter monetary policies have shifted investor interest back to established stocks and safe deposit accounts, leading to a decline in enthusiasm for IPOs.
Source: YAHOO