Istanbul Stock Exchange: Company offered to the public sees a 279 percent surge
Occasionally, we see strange developments in the Istanbul Stock Exchange. For instance, some stocks rise without any apparent logical reason. One recent example is the TARKM shares.
Tarkim Bitki Koruma Sanayi ve Ticaret AŞ was approved for public offering by the Capital Markets Board on August 31, 2023.
TARKM shares were offered to the public on September 5-6, 2023, and started trading on the Borsa Istanbul (Istanbul Stock Exchange).
The rise in the company’s shares seems unstoppable.
According to halkaarz.net, TARKM shares have been trading at the ceiling since September 12, and they have surged by 279% since their public offering.
