International and Local Public Offerings

Importance of Capital Markets

Capital markets use a significant part of the resource creation efforts of companies that strive to stand up against the challenging competitive conditions and developments in the global economy. Companies derive some benefits through capital market activities, such as the supply of required funding for investments, liquidity provisions, an increase in recognisability in national and international markets and the building of a corporate identity. The corporate structure of a public company stipulates that those companies operate under the supervision and control of bodies regulating the capital markets, and that they disclose financial statements and special situations, and are subject to independent audit.

Our Experience in Capital Markets as PricewaterhouseCoopers Turkey

As PricewaterhouseCoopers Turkey, we bring in an independent approach to the problems of companies which plan to issue debt instruments in national and international capital markets, or equity stocks, addressing the problems that can arise during access to relevant capital markets. Our services have been formulated in such a way as to address the needs of both relatively small-sized entrepreneurs who are not interested in the public offering process, to big national and international companies who use international capital markets regularly.

PricewaterhouseCoopers Turkey provides a wide range of services in the public offering process, from finding the right capital market to the preparations required for public offerings. Some of our services are as follows:

• Independent audit
• Technical assistance for the preparation of accounting standards during the preparation of the financial statements (CMB Accounting Standards, IFRS, US GAAP etc)
• Determination of the most appropriate public offering structure in light of the needs and financial structure of the company
• Determination of the size and ratio of the public offering
• Determination of the planned incentive mechanisms
• Determination of the allocation groups
• Preparation of the detailed informative documents and schedule of the public offering
• Filing the legal applications
• Conducting the valuation works used as indicators of the public offering price
• Selection of the intermediary institution and the PR agencies to take part in the public offering, and the directing of those in the best way through maintaining effective coordination
• Sale talks/roadshows
• Pricing and sales
• Obligations after the public offering