Erden Timur's company to go public: It will enter Borsa Istanbul

Erden Timur, who managed the transfer operations of the yellow-red club during his tenure as deputy chairman of Galatasaray Sports Club and was considered one of the architects of the two consecutive championship titles won, left his post before this season following disagreements with Galatasaray President Dursun Özbek.

Following the announcement yesterday that Cenk Ergün, who had replaced Timur, has resigned, yellow-red fans have called for Timur to return to his post; however, it has emerged that the 42-year-old businessman will not return to the club and is focusing on his corporate work.

With the number of individual investors approaching 9 million, Borsa Istanbul has become one of Turkey's most popular investment platforms, and the 'IPO' craze continues to unfold in recent years. Although there has been a slowdown among stock market investors following the declines in recent weeks, news that will excite the markets has come from Erden Timur.

While it is known that Timur has been focusing on the company's operations in Europe for some time, it has been learned that NEF Gayrimenkul has reached the final stage in its initial public offering (IPO) preparations. NEF Gayrimenkul, which is preparing to apply to the Capital Markets Board (SPK) as of next month, has also seen the likely dates for its IPO emerge.

Following recent declines, Borsa İstanbul has relatively lost its appeal from previous years, and the stagnation in demand for initial public offerings (IPOs) has been cited among the reasons for this slowdown.

Following the expected application to the CMB, Timur's company is anticipated to begin trading on Borsa Istanbul in the first quarter of 2025.

Although there is no information yet regarding the number of shares NEF Gayrimenkul will offer or the share price to be determined during the pre-demand phase, the initial public offering of NEF Gayrimenkul, one of the most notable companies of recent years, is expected to attract significant interest from stock market investors.