87 CAPITAL MARKETS LAW Gazette, where the announcement relating to registration of the place of publication of the prospectus by the issuer or the public offeror is published shall be sent in writing to the CMB within six business days following the date of publication. Conclusion Public offerings, which are the most preferred financing source by companies in 2021, starts with the public offering decision to be made upon the evaluation of the company whose shares will be offered to the public. Certain conditions are sought in the capital market legislation regarding the capital, financial structure and shares of the partnership to be offered to the public. The partnership that meets the relevant conditions applies to the CMB for the amendment of the articles of association. A prospectus is prepared upon the approval of the CMB. The process to be followed, and the documents to be submitted, vary according to the relevant public institution or organization. While the CMB ensures that all information about the company is included in the prospectus, the BIST would seek for a functioning enterprise, the CSD would monitor the exchange of company shares, and the PDP would ensure proper communication between the company and the investors. The documents and records to be submitted are shaped accordingly.
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