This policy has been prepared by Borsa İstanbul A.Ş. (“Borsa”), acting as the data controller, in order to inform users visiting the https://www.borsaistanbul.com website about our cookie usage principles within the scope of the Communiqué on the Procedures and Principles to be Complied with in Fulfilling the Disclosure Obligation and the Law on the Protection of Personal Data No. 6698. The term “our website” referred to in the remaining relevant parts of the text will be used for the https://www.borsaistanbul.com web page.
1. Definition of Cookies
Cookies are small data files that websites save on your devices and are used to identify users. Cookies are used by websites to identify users and provide them with special services.
2. Types of Cookies
2.1 Duration:
2.1.1 Session Cookies:These cookies are temporary and expire once you close your browser (or once your session ends).
2.1.2 Persistent Cookies:This category encompasses all cookies that remain on your hard drive until you erase them or your browser does, depending on the cookie’s expiration date. All persistent cookies have an expiration date written into their code, but their duration can vary.
2.2 Provenance:
2.2.1 First-Party Cookies: As the name implies, first-party cookies are put on your device directly by the website you are visiting.
2.2.2 Third-Party Cookies:These are the cookies that are placed on your device, not by the website you are visiting, but by a third party like an advertiser or an analytic system.
2.3 Purpose:
2.3.1 Strictly Necessary Cookies:These cookies are essential for you to browse the website and use its features, such as accessing secure areas of the site. Cookies that allow web shops to hold your items in your cart while you are shopping online are an example of strictly necessary cookies. These cookies will generally be first-party session cookies. While it is not required to obtain consent for these cookies, what they do and why they are necessary should be explained to the user.
2.3.2. Preferences Cookies: Also known as “functionality cookies,” these cookies allow a website to remember choices you have made in the past, like what language you prefer or what your user name and password are so you can automatically log in.
2.3.3 Statistic Cookies: Also known as “performance cookies,” these cookies collect information about how you use a website, like which pages you visited and which links you clicked on. None of this information can be used to identify you. It is all aggregated and, therefore, anonymized. Their sole purpose is to improve website functions. This includes cookies from third-party analytics services as long as the cookies are for the exclusive use of the owner of the website visited.
2.3.4 Marketing Cookies:These cookies track your online activity to help advertisers deliver more relevant advertising or to limit how many times you see an ad. These cookies can share that information with other organizations or advertisers. These are persistent cookies and almost always of third-party provenance.
3. Use of Cookies
The information regarding the cookies on our website is presented in the table below. Accordingly, our website uses:
- Purpose:Strictly Necessary Cookies, Preferences Cookies, Statistic Cookies and Marketing Cookies
- Provenance:First-Party Cookies and Third-Party Cookies
- Duration:Session Cookies
| Cookie Provider | Name of the Cookie | Purpose of the Cookie | Duration of Cookie | Types of Cookie |
|---|---|---|---|---|
| borsaistanbul.com | LWSSO_COOKIE_KEY | This is the authentication token. This cookie is expected to be sent with each subsequent request. It is returned in the response of a successful authentication request. | Current Session | Strictly Necessary Cookies |
| borsaistanbul.com | Locale | It is a cookie used to keep the language setting chosen by the user to use the site throughout the session. | Current Session | Strictly Necessary Cookies |
| Google Analytics | _ga | Used to distinguish users in order to create statistical data on how visitors use the site. | 13 Months | Statistic Cookies, Third-Party Cookies |
| google.com | 1P_JAR, AEC, OTZ | These cookies are set by embedded YouTube videos. They record anonymous statistical data, for example, how many times the video has been played and playback settings. | 1 Month | Marketing Cookies |
| youtube.com | VISITOR_INFO1_LIVE, VISITOR_PRIVACY_METADATA, __Secure-ROLLOUT_TOKEN | Store and track visitor ID to enable ad delivery or retargeting. YouTube visitor privacy metadata cookie. | 4–6 Months | Marketing Cookies |
google.com youtube.com | APISID, HSID, SAPISID, SID, SSID | Cookies required to use the website's options and services, store SafeSearch and ad preferences. | 13 Months | Marketing Cookies |
| borsaistanbul.com | c4a11067649993531856855449304bc1 | Used for managing cookies. | Current Session | Preferences Cookies |
4. Legal Reason for Using Cookies and Collection Method
Your personal data collected through Strictly Necessary Cookies are processed within the scope of subparagraph (f) of paragraph (2) of Article 5 of the Law, "Data processing is mandatory for the legitimate interests of the data controller, provided that it does not harm the fundamental rights and freedoms of the relevant person".
Third-Party Cookies, Preferences Cookies, Statistic Cookies and Marketing Cookies
Your personal data collected through Third-Party Cookies, Preferences Cookies, Statistic Cookies and Marketing Cookies are processed by obtaining your explicit consent within the scope of paragraph (1) of Article 5 of the Law.
Borsa obtains personal data of visitors electronically, including their IP address, information regarding the use of the website, internet browser selection, location and information about the device used, through cookies, and processes them using automatic methods.
4. Management of Cookies
You can change your preferences for cookies at any time by clicking on the “Customize Your Cookie Settings (Cookie Management)” tab in the pop-up that opens when you first visit our website. Click the “Save settings” button by turning the buttons in the cookie management panel on or off according to your preference.
If you do not want cookies to be stored on the device you access our website from, you can block, limit and delete the use of cookies through your browser settings. It is also possible to change these preferences later.
If you access our website from different devices, you can make cookie usage settings on each device and browser you access in accordance with your preferences via the links below.
5. Rights and Requests
According to Article 11 of the Law, which regulates the rights of the data subject, you can submit your requests in accordance with the conditions specified in the Communiqué On Principles and Prosedures for the Request to Data Controller by using a petition prepared in line with the nature of your request and your method of application to the following addresses:
In person or through a representative, or via notary, to the Borsa location at Reşitpaşa Neighborhood, Borsa İstanbul Street, No: 4, 34467 Sarıyer/İstanbul,
Via registered electronic mail (KEP) to the address: borsaistanbul@hs03.kep.tr ,
Using a secure electronic signature, mobile signature, or the electronic mail address registered in Borsa with the address: kvkk@borsaistanbul.com
Identity verification is mandatory during the application process. In applications made through a representative, the original power of attorney that includes authority for personal data requests must be presented. Applications submitted in this context will be accepted following identity verification conducted by Borsa, and your requests will be concluded as soon as possible, and no later than 30 days, depending on the nature of the request. While applications are free of charge, if the process incurs any additional costs, the fee specified in the tariff determined by the Personal Data Protection Authority may be requested from you.
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:
- Recommendation List to match-up members with counterparts depending on their expectations and choices,
- Comprehensive search engine to access other members,
- Dealing Room where buyers and seller can share information and documents for trading and partnership,
- Liquidity and purchase programs for share trading via auction methods,
- Financial and legal advisory and reporting services, and
- Brokerage services
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.
Opinions and Suggestions
1.Capital increases and share purchases and sales in the Private Market are conducted in accordance with the provisions of the Turkish Commercial Code (TCC) and the Turkish Commercial Code (TTK).
2.The Private Market is a membership-based platform, available 24/7. Technical support for potential questions and issues regarding the Private Market is provided between 9:30 am and 12:00 pm and 2:00 pm and 6:00 pm on business days.
3.Publicly traded companies are not accepted into the Private Market. Their shares cannot be traded on the Private Market.
4.Shares traded on the Private Market cannot be offered to the pmdpart. Companies wishing to offer their shares to the Private Market must notify the Board during the application process. If the Board approves the IPO prospectus, these companies are removed from the Private Market list.
5.New Enterprises (Start-ups) and Emerging Enterprises can apply for inclusion on the Private Market company list. For both categories, acceptance into the Private Market requires a positive decision from the New Ventures Evaluation Committee and the Emerging Ventures Evaluation Committee within the Borsa Istanbul Private Market. The final decision on acceptance or rejection is made by the Private Market management based on the decision of the relevant Evaluation Committee.
6.An application to the Capital Markets Board, nor a Board-approved prospectus, circular, or issuance document, is required for the sale, issuance, or transfer of shares of companies listed on the Private Market.
7.Transactions in the Private Market can be conducted through intermediaries acting as proxies. Using an intermediary is optional and not mandatory.
8.The shares of companies listed on the Private Market must be registered. If companies that are members of the Private Market have bearer shares, these shares are converted into registered shares.
9.The number of shareholders of companies that are members of the Private Market cannot exceed the minimum number of shareholders required for public company status (currently 500) as stipulated in the Board regulations. Companies that reach 500 shareholders will be considered public companies and will be subject to the Board regulations. Companies that reach 499 shareholders are removed from the Private Market list.
10.Transactions made by qualified investors and angel investors of companies accepted to the Private Market list on this platform are considered professional transactions. These individuals do not require public protection for their transactions. Borsa Istanbul Inc. is not responsible for any losses incurred as a result of transactions conducted on the Private Market. The Private Market has no obligation to protect or inform the companies and investors listed on the Private Market.
11.The parties acknowledge and undertake, through their membership agreement, that all information they share on the Private Market is accurate and up-to-date. The Private Market does not guarantee the accuracy and up-to-dateness of the information provided by the parties on the platform and cannot be held responsible for any losses that may be incurred by the parties or third parties.
12.New and emerging ventures, qualified investors, and qualified investors and angel investors residing abroad can apply for membership in the Private Market. The final decision on acceptance or rejection is made by the Borsa Istanbul General Manager or the Private Market managers authorized by the General Manager.
13.The amount of bids submitted on the Private Market cannot be less than 50,000 TL (Fifty Thousand Turkish Lira) for new ventures and 200,000 TL (Two Hundred Thousand Turkish Lira) for emerging ventures.
14.Share transfers and payments are made by the buyer and seller outside the Private Market. The Private Market is not responsible for transfers and payments made outside the Private Market.
15.The transfer of shares traded on the Private Market is carried out in accordance with the provisions of the Turkish Commercial Code (TCC). Furthermore, the Private Market does not involve a continuous auction, and there is no mandatory share transfer lock-up period. However, depending on the nature of the transactions, a share transfer lock-up period may be imposed to prevent share trading for a period determined by the parties.
16.Shares of companies that are members of the Private Market Platform can be traded between companies listed on the platform, qualified investors, licensed angel investors and angel investor networks, and foreign real persons and legal entities residing abroad.
17.Companies are obligated to update their shareholding structure accurately and up-to-date on the platform with every change. Furthermore, the shareholding structure table is updated annually upon membership registration renewal. Failure to fulfill these obligations may result in the suspension of a company's Private Market membership.
18.Trading on the Private Market does not guarantee any income. Purchases and sales of shares of companies that are members of the Private Market are for professional/qualified investors only.
19.Borsa Istanbul does not provide any guarantees and assumes no liability regarding investments made on the Private Market.
20.Borsa Istanbul cannot be held responsible for the bankruptcy, default, or cessation of operations due to financial and economic conditions of companies listed on the Private Market Platform.
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:
- Recommendation List to match-up members with counterparts depending on their expectations and choices,
- Comprehensive search engine to access other members,
- Dealing Room where buyers and seller can share information and documents for trading and partnership,
- Liquidity and purchase programs for share trading via auction methods,
- Financial and legal advisory and reporting services, and
- Brokerage services
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.
Two types of fees are applied in the Private Market.
The membership registration fee is the fee charged from each member for registration on the Private Market Platform, based on the membership type. The fee is requested following the approval of the member's user account application on the platform.
Start-Up Membership
0 ₺
Individual Investor Membership
5,000 ₺
Service Provider Membership
10,000 ₺
Growth-Stage Venture Membership
5,000 ₺
Corporate Investor Membership
10,000 ₺
Intermediary Membership*
10,000 ₺
If a natural or legal person holds more than one type of membership, only a single membership fee shall be charged, based on the membership type with the highest applicable fee.
For intermediaries and service providers, a 100% discount on the membership fee shall be applied if they bring two new members to the platform.
Upon submission of an Investment Notification through the platform, a transaction fee shall be charged to the investor based on the total transaction amount.
The fee is calculated on the share transfer amount, provided that it is not lower than the minimum amounts specified below, according to the following formula:
Number of shares x Share unit price x Fee Rate
Transaction fee rate: 3/1000
For Start-Up Companies
Minimum Amount
Maximum Amount
For Growth Stage Ventures
Minimum Amount
Maximum Amount
*In cases where shares are sold simultaneously to multiple investors through syndication or co-investment, the minimum fee shall not apply on an investor basis.
Information
Borsa Istanbul A.Ş. may apply various discounts to the above fee schedule on a temporary or permanent basis. Such discounts may also be applied on a member-specific basis. Borsa Istanbul reserves the right not to collect or to refund all or part of these fees.
This fee schedule, which constitutes an annex to the Private Market Membership Agreement, may be updated by Borsa Istanbul where deemed necessary.
The membership fee shall be paid in advance. Other fees shall be invoiced at the end of each month and paid no later than the 10th day of the following month. If the 10th day falls on an official holiday, payment shall be made on the first business day following such holiday.
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Quisque sagittis orci ut diam condimentum, vel euismod erat placerat. In iaculis arcu eros, eget tempus orci facilisis id.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut et massa mi. Aliquam in hendrerit urna. Pellentesque sit amet sapien fringilla, mattis ligula consectetur, ultrices mauris. Maecenas vitae mattis tellus. Nullam quis imperdiet augue. Vestibulum auctor ornare leo, non suscipit magna interdum eu. Curabitur pellentesque nibh nibh, at maximus ante fermentum sit amet. Pellentesque commodo lacus at sodales sodales. Quisque sagittis orci ut diam condimentum, vel euismod erat placerat. In iaculis arcu eros, eget tempus orci facilisis id.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut et massa mi. Aliquam in hendrerit urna. Pellentesque sit amet sapien fringilla, mattis ligula consectetur, ultrices mauris. Maecenas vitae mattis tellus. Nullam quis imperdiet augue. Vestibulum auctor ornare leo, non suscipit magna interdum eu. Curabitur pellentesque nibh nibh, at maximus ante fermentum sit amet. Pellentesque commodo lacus at sodales sodales. Quisque sagittis orci ut diam condimentum, vel euismod erat placerat. In iaculis arcu eros, eget tempus orci facilisis id.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut et massa mi. Aliquam in hendrerit urna. Pellentesque sit amet sapien fringilla, mattis ligula consectetur, ultrices mauris. Maecenas vitae mattis tellus. Nullam quis imperdiet augue. Vestibulum auctor ornare leo, non suscipit magna interdum eu. Curabitur pellentesque nibh nibh, at maximus ante fermentum sit amet. Pellentesque commodo lacus at sodales sodales. Quisque sagittis orci ut diam condimentum, vel euismod erat placerat. In iaculis arcu eros, eget tempus orci facilisis id.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut et massa mi. Aliquam in hendrerit urna. Pellentesque sit amet sapien fringilla, mattis ligula consectetur, ultrices mauris. Maecenas vitae mattis tellus. Nullam quis imperdiet augue. Vestibulum auctor ornare leo, non suscipit magna interdum eu. Curabitur pellentesque nibh nibh, at maximus ante fermentum sit amet. Pellentesque commodo lacus at sodales sodales. Quisque sagittis orci ut diam condimentum, vel euismod erat placerat. In iaculis arcu eros, eget tempus orci facilisis id.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut et massa mi. Aliquam in hendrerit urna. Pellentesque sit amet sapien fringilla, mattis ligula consectetur, ultrices mauris. Maecenas vitae mattis tellus. Nullam quis imperdiet augue. Vestibulum auctor ornare leo, non suscipit magna interdum eu. Curabitur pellentesque nibh nibh, at maximus ante fermentum sit amet. Pellentesque commodo lacus at sodales sodales. Quisque sagittis orci ut diam condimentum, vel euismod erat placerat. In iaculis arcu eros, eget tempus orci facilisis id.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut et massa mi. Aliquam in hendrerit urna. Pellentesque sit amet sapien fringilla, mattis ligula consectetur, ultrices mauris. Maecenas vitae mattis tellus. Nullam quis imperdiet augue. Vestibulum auctor ornare leo, non suscipit magna interdum eu. Curabitur pellentesque nibh nibh, at maximus ante fermentum sit amet. Pellentesque commodo lacus at sodales sodales. Quisque sagittis orci ut diam condimentum, vel euismod erat placerat. In iaculis arcu eros, eget tempus orci facilisis id.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut et massa mi. Aliquam in hendrerit urna. Pellentesque sit amet sapien fringilla, mattis ligula consectetur, ultrices mauris. Maecenas vitae mattis tellus. Nullam quis imperdiet augue. Vestibulum auctor ornare leo, non suscipit magna interdum eu. Curabitur pellentesque nibh nibh, at maximus ante fermentum sit amet. Pellentesque commodo lacus at sodales sodales. Quisque sagittis orci ut diam condimentum, vel euismod erat placerat. In iaculis arcu eros, eget tempus orci facilisis id.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut et massa mi. Aliquam in hendrerit urna. Pellentesque sit amet sapien fringilla, mattis ligula consectetur, ultrices mauris. Maecenas vitae mattis tellus. Nullam quis imperdiet augue. Vestibulum auctor ornare leo, non suscipit magna interdum eu. Curabitur pellentesque nibh nibh, at maximus ante fermentum sit amet. Pellentesque commodo lacus at sodales sodales. Quisque sagittis orci ut diam condimentum, vel euismod erat placerat. In iaculis arcu eros, eget tempus orci facilisis id.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut et massa mi. Aliquam in hendrerit urna. Pellentesque sit amet sapien fringilla, mattis ligula consectetur, ultrices mauris. Maecenas vitae mattis tellus. Nullam quis imperdiet augue. Vestibulum auctor ornare leo, non suscipit magna interdum eu. Curabitur pellentesque nibh nibh, at maximus ante fermentum sit amet. Pellentesque commodo lacus at sodales sodales. Quisque sagittis orci ut diam condimentum, vel euismod erat placerat. In iaculis arcu eros, eget tempus orci facilisis id.
BIST Private Market Start-up Committee was held online on May 9, 2025.
A total number of 45 people attended the event, including investors, entrepreneurs and committee members.
BIST Private Market Start-up Committee was held online on September 24, 2024.
A total number of 40 people attended the event, including investors, entrepreneurs and committee members.
BIST Private Market Start-up Committee was held online on January 18, 2023.
A total number of 30 people attended the event, including investors, entrepreneurs and committee members.
Borsa İstanbul's Opening Bell Rang for Bulls GSYO and RePG Enerji
The 15th investment in Borsa İstanbul Private Market was marked by Bulls GSYO (VCIT). Bulls Girişim Sermayesi Yatırım Ortaklığı (Venture Capital Investment Trust) invested in RePG Enerji, which generates energy and water utilizing the relative humidity and heat exchange (from latent and waste heat) in the environment (air, water, gas, oil) with its 100% domestic and licensed technology.
BIST Private Market Rising Companies Committee was held online on January 12, 2022
Abonesepeti enables the management of all kinds of subscriptions such as electricity, water, internet, telecommunication and online movie/series streaming platforms through a single application. It offers users the opportunity to compare different subscriptions, easily subscribe and cancel their current subscriptions. Currently, all subscription transactions of about 30 service providers can be made through Abonesepeti.
BIST Private Market Start-up Committee was held online on December 1, 2021
After the presentations, IyiMakina, a technology initiative that focuses on optimizing the sales processes of pre-owned construction equipment through the auction approach, Agrovisio, which was established to produce solutions for sustainable food production and safety, Malwation, which develops solutions with a focus on malware analysis, Giant Avocado, which focuses on mobile games, WeWALK, which develops a smart cane with the aim of making life easier for the visually disabled people, Peerbie, which offer
Start-Up Companies
Start-Up Companies are young companies that, from the first 6 months following their establishment up to 5 years, meet with investors, seek funding, and aim for growth.
Start-Up Companies
In order to apply for membership in this category, a minimum of 6 months and a maximum of 5 years must have passed since the company's establishment date.
1) Documents evidencing the company’s current ownership structure and incorporation date (trade registry records, etc.)
2) Business plan presentation
3) For companies located abroad, duly certified and translated documents evidencing incorporation, ownership structure and shareholders (alternative supporting documents may be submitted; eligibility is assessed by the Private Market Management)
Growth-Stage Ventures
Growth-Stage Ventures are companies that are not publicly traded and have been operating for at least two years. Their financial statements for the last two years must show at least 10 million Turkish Lira in asset size or sales revenue.
Growth-Stage Ventures
As of the application date, Growth-Stage Ventures must:
- Be established as a joint-stock company or limited liability company that is not publicly traded;
- Have undergone independent audit, or have an asset size or sales revenues of at least TRY 10 million in the financial
statements for any period within the last two years submitted to any legal authority;
- Have been established for at least 2 years since incorporation.
1) Documents evidencing the company’s current ownership structure and incorporation date (trade registry records, etc.)
2) Business plan presentation
3) For companies established abroad, duly certified and translated documents evidencing incorporation, ownership structure and shareholders (alternative supporting documents may be submitted; eligibility is assessed by the Private Market Management)
4) Financial statements for the last 2 years (prepared in accordance with the Tax Procedure Law equivalent or applicable standards; audited versions if available)
Application Process for Companies
Sign Up
Create your membership on the platform.
Upload Documents
Upload the required documents to the platform.
Approval
Following the preliminary meeting and committee review, approved applicants are granted platform membership.
Investors
If you're an angel investor with an Angel Investment network membership or a Qualified Investor, you can become a member of the Private Market. You can apply for membership in the Private Market by selecting the suitable investor type from among these.
Investors
If you are an Angel Investor, you can apply with a membership certificate to a domestic or international angel investment network.
If you are a Qualified Investor and a Natural Person, the total amount of your cash and financial assets must exceed 1,000,000 TL.
If you are a Qualified Investor and Legal Entity, the total of your financial assets must exceed 1,000,000 TL or you must meet at least two of the total assets, net revenue and equity criteria.
If you are a Qualified Investor Residing Abroad, you can apply for membership by documenting this status.
Establishment as a Legal Entity for Capital Investment Purposes: You must prove this situation with the trade registry record, articles of association or financial statements.
1) For individual investors, notarized identity copy or a copy of the passport,
2) For legal entities, trade registry showing the establishment and articles of association,
3) Qualified investors with a qualified investor at a bank or brokerage house must state their qualified investor status by ticking the relevant box in the online application form (This claim will be verified by BIST Private Market)
4) Qualified investors who are legal persons and do not have a qualified investor account with a bank or a brokerage house must upload the required financial statements and documents.
5) Certified Business Angel investors must upload their certification.
6) Qualified investors or business angel investors domiciled abroad must submit the documents or statements that indicate their qualified or business angel investor status.
7) Private Market membership agreement (Membership agreement is approved electronically by the user during the application on the website),
Both natural persons and legal entities 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.
Period
Sign Up
Create a membership on the platform.
Upload
Upload necessary documents.
Activation
Pay the membership fee and activate your membership.
Conditions required to open a qualified investor account through a brokerage firm or bank
You must meet at least two of the following criteria: “Total assets must be 50,000,000 Turkish Lira, annual net revenue must be 90,000,000 Turkish Lira, and equity capital must be over 5,000,000 Turkish Lira.”
- If you are a brokerage firm, bank, portfolio management company, collective investment organization, pension investment fund, insurance company, mortgage finance company, asset management company, or equivalent foreign-based organization, you can qualify as a qualified investor as a professional client.
- If you are a legal entity other than these institutions, to apply for qualified investor status, you must meet at least two of the following criteria: "The total of your financial assets, including cash deposits and capital market instruments, exceeds 1,000,0000 Turkish Lira" or "Total assets exceed 50,000,000 Turkish Lira, annual net revenue exceeds 90,000,000 Turkish Lira, and equity exceeds 5,000,000 Turkish Lira."
- If you are a natural person, to apply for qualified investor status, the total of your financial assets, including cash deposits and capital market instruments, must exceed 1,000,000 Turkish Lira.
- If you are a legal entity that is not registered as a qualified investor and do not wish to register through a brokerage firm or bank, you can upload to the Private Market platform a trade registry record or articles of association demonstrating your establishment as a company for capital investment purposes, or your most recent financial statements demonstrating that you meet the following requirements.