A research on the level of meeting short term expectations of public offerings in Borsa Istanbul

Public offening, which have the characteristics of a financing model for companies, are very important and widely used phenomenon in capital markets. For investors, the public offering provides good return potential for the long term. Homever, there is also a mass of investors in our country who have short them expectations from public offerings. The aim of study is to measure whether the public offerings Borsa İstanbul retail sector between 2011-2021 meet the short term expectations of investors by event study method. As a result of the findings, it was concluded that there is possibility of meeting the short term (1-2 day) high return expectations of the investors in the public offerings made in the relavant period, and the market is not yet semi effectively strong.