The CMB updates the IPO criteria based on financial performance at the end of each year. In 2024, companies wishing to go public must have assets above 450 million Turkish Liras in 2022 and 1 billion 500 million Turkish Liras in 2023, and net sales above 270 million Turkish Liras in 2022 and 750 million Turkish Liras in 2023 in their independently audited TFRS-compliant financial statements. Even if these criteria are met, companies that have not made a profit in the last two years cannot go public in the main market. In the Stars Market, this rule is relaxed provided that the following conditions are met;

- The corporation has an operating profit in the last independently audited financial statements of the last year and the relevant interim period, - The market value of the shares offered to the public is at least TRY 1.5 billion, - The equity/capital ratio to be calculated by adding the premiums related to the shares to be obtained from the public offering and the nominal amount of the increased capital to the amounts classified under equity in the last independently audited financial statement is greater than one, - The public offering is not made only through the sale of shareholders.

In the Stars Market, the minimum IPOs must be above TRY 1 billion and companies must be publicly traded by at least 10%.

On the Main Market, the minimum public offering must be above TL 250 million and companies must go public at least 20% of the time.

In the Sub-Market, the minimum public offering must be above 100 million liras and companies must go public at least 25% of the time.

In the Sub-Market, public offerings can only be made through capital increase. Shareholders cannot sell their own shares in public offerings realized in this market.

There are no qualifications required for the shareholders and members of the board of directors of the companies to be offered to the public. However, both shareholders and board members should not have been sentenced to imprisonment for more than 5 years for a crime committed intentionally. In addition, they must not have been convicted of the following offenses, even if less than five years;

-Crimes under the SP legislation -Crimes under the Banking Law -Money laundering -Crimes against the security of the state -Crimes against the constitutional order -Crimes against national defense -Crimes against state secrets -Spying - Embezzlement -Abezzlement - Bribery - Theft - Fraud - Forgery - Abuse of trust - Fraudulent bankruptcy - Blocking the information system, -Debit/credit card abuse -Smuggling -Tax evasion -Unjust acquisition of property

A company that has declared concordat within the last 2 years cannot go public.

Companies targeting public offerings should not have any legal disputes, pledges, liens and similar encumbrances on the company shares that may significantly affect the continuity of their activities.