BIST Private Market is a web-based and membership-based platform.
BIST Private Market brings companies and investors together to buy or sell shares without going pmdpart.
To find financing for companies without going to public offering, to provide liquidity for shareholder who want to escape, to offer investment and liquidation to investors, Private Market presents wide range services provided by Borsa Istanbul, business partners, service providers and brokers in integrity.
Services given to companies and investors:
Broker and service provider members can access to potential customers by using platform tools such as search engine, brokers can make transactions in account of their members.
Two types of companies and their shareholders are admitted as members to the Private Market.
Read more about membership criteria and application documents for companies and their shareholders.
If you are a certified angel investor or a qualified investor, you may become a member of the Private Market. Of these two investor types, you can choose the appropriate one for you and apply to the Private Market for membership.
1) If you are a natural person, and if you hold a Business Angel Certificate issued by the Undersecretariat of Treasury, you may immediately apply for membership. Otherwise, you may apply to the Undersecretariat of Treasury in order to obtain a certificate via the following angel investor networks, and benefit from one of the highest tax advantages in the world.
2) Both natural and legal persons may apply for membership with qualified investor status If you have a qualified investor account with a bank or a brokerage house you may immediately apply for investor membership in the Private Market. Otherwise, you may apply to a brokerage company or bank and open a qualified investor account.
Read more about membership criteria and application documents for investors.
Intermediaries include consultants, legal firms, funds, financial institutions, brokerage houses, banks or other legal persons accepted as Brokers by the Private Market, that engage in transactions for and on behalf of the buyer or seller, by proxy. On the basis of such proxy, brokers are entitled, authorized and liable to trade on the Private Market for and on behalf of companies, shareholders and investors. Read more about membership criteria and application documents for brokers.
Extra services including consultancy, legal advisory and independent audit to be offered to companies and investors for the transactions in the Private Market may be provided by Private Market member service providers. Admittance to the platform is through submission and acceptance of the electronic application by the Private Market. Read more about membership criteria and application documents for brokers.
Since Privet Market match companies up with investors directly, costs are very low compared to making this transactions out of Private Market. Costs depend on transaction and membership type and changes with using of Private Market functionalities. Brokers and Service Providers determine their own fee tariffs for investors and companies. Private Market?s fee tariff applied for membership and transactions is available in Membership Agreement Appendices
Intermediaries and service providers only pay the membership fee. Accreditation fee and trading fee are not paid by intermediaries and service providers.
Indication of Interest is the electronic notice of the companies and investors sent to each other via Platform that specifies their interest in selling or buying shares, partnership and other transactions. Parties are free to accept or reject Indication of Interests.
If an Indication of Interest accepted an accreditation fee is charged to party who sent Indication of Interest and the company or shareholder is defined as accredited seller, the investor defined as accredited buyer to corresponding party.
Accredited buyers and seller can access 2nd level data of each other, benefit from Dealing Room facilities, make Agreement Notice reciprocally and join liquidity and purchase programs.
Basic introductory information about the companies and investors listed in Private Market, open to all registered parties in the platform, its content is determined by the members and its minimum scope is determined by Private Market Administration.
Information about companies and investors listed in Private Market that is only open to Accredited buyers and sellers correspondingly its minimum scope is determined by Private Market Administration.
A member company, shareholder or investors can hide their name and title information at 1st Level Information. They share at 2nd Level Information. Thus, they can hide name and titles to other members, and display only to accredited buyers or sellers.
Descriptive and financial information and documents are required at a minimum level to attract the investor attention. Those documents include stock ledgers, financial tables etc. For more information regarding required documents for company membership click here .
This information and documents are stored safely together with information uploaded to Data and Dealing Room after membership and van be viewed only by other members authorized by the company. Documents and records in the Data and Dealing Room are stored as encrypted and can be de-encrypted only by court decision.
There is no public disclosure requirement for Private Market member companies.
There is no restriction for companies who intend public offering. In contrary, private market promotes and helps for preparing to public offering.
Private market supports share trading culture and IPO. If a member company makes public offering, a part of costs paid under Private Market fee tariff can be deduced from Borsa Istanbul?s listing fees. Deduction conditions and amount are determined by Private Market management.
In Private Market, companies can access to long term institutional investors who can support hem after IPO. Companies can also enhance their operational abilities for reporting which they are required in public offering and for listing periods by making regular reporting for investors.
Also, Borsa Istanbul will provide Private Market companies with supporting activities such as education and advisory help regarding public offering in the long term.
Transactions in Private Market are not regulated by Capital Markets Board. In Private Market, any transaction executed on the Platform by qualified investors, certified business angels and other business angels as foreigner or domestic residents, who have risk management capability for their financial decisions and not covered by governmental protection, is an Professional transaction and out of the regulations of Capital Markets Board.
Yes. You can make primary sales by increasing capital.
There is a useful useful recommendation list that helps members to find appropriate counterparts by an algorithm depends on own choices of members. Also, a a comprehensive search engine provides members with detailed content search and useful filters to find a counterpart with expected aspects.
Yes. As investors search for companies, Companies and shareholders too can access to investors who have aspects they are interested via recommendation list and search engine and can contact with investors by sending Notification of interest.
Member companies can determine who can access to second level information of the company, who can buy and sell the share, how many shares can be sold, when the other members can buy or sell shares.
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