IPO Index

The index is composed of stocks of the companies offered to the public and started to be traded on Stars, Main and Emerging Companies markets and stocks of the real estate investment trusts and venture capital investment trusts that are offered to the public and started to be traded on the Collective and Structured Products Market. Companies are included in BIST IPO Index on the first trading day and they remain in the index for 2 years.

If the number of stocks in the index falls below 5 due to the expiration of 2 years, the expired stock remains in the index until a new stock is included. According to that exception when a new stock is included, the stocks which continue to remain in the index are excluded from the index respectively considering their waiting times.

A capping ratio of 20% is applied as from the December 2, 2013 to the BIST IPO Index. When there is a change in the scope of the index, the weights of constituent stocks are checked without any capping being applied. If there is a stock whose weight is greater than 20 %, the weight is decreased to 20 % using theweighting factor.

Please click for BIST IPO Index (XHARZ) constituents.