Recent Developments
Borsa İstanbul A.Ş. (“Borsa İstanbul“) amended the listing conditions in the Listing Directive on September 21, 2026. The amendments increase the minimum market value of the shares offered to be listed on BIST Stars, BIST Main and BIST SubMarket.
What’s New?
Pursuant to the amendments in the Listing Directive:
- The minimum market value of the shares offered by issuers to be listed on BIST Stars has increased from TRY 2,000,000,000 to TRY 4,000,000,000,
- The market value of the shares offered by issuers to be listed on BIST Main has increased from TRY 500,000,000 – TRY 2,000,000,000 to TRY 1,000,000,000 – TRY 4,000,000,000, and
- The maximum market value of the shares offered by issuers to be listed on BIST SubMarket has increased from TRY 500,000,000 to TRY 1,000,000,000.
As a result, these are the new listing conditions:
| BIST Stars | BIST Main | BIST SubMarket | |
| Market value of the shares offered | Minimum TRY 4 billion | Minimum TRY 1 billion | Minimum TRY 400 million |
- Furthermore, the exceptional condition of minimum market value of the shares offered, which is required for companies that cannot fulfill the profit requirement and/or the equity/capital ratio required to be listed on BIST Stars, has been increased to TRY 5,000,000,000 from TRY 4,000,000,000.
Conclusion
As a result of the increase in the listing thresholds, the listing requirements have become more stringent.
