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With the decision published in the Capital Markets Board Bulletin dated 29.12.2023 and numbered 2023/82 ["Decision"], the amounts subject to revaluation in the Capital Markets Law No. 6362 and related regulations and other regulations were determined for the year 2024.

Rymarz Zdort Maruta, working with Freshfields Bruckhaus Deringer’s US office, has advised managers Wood & Company Financial Services and Ipopema Securities on an accelerated book-building transaction concerning Vigo Photonics’ PLN 63 million issuance of series F ordinary bearer shares.

Paksoy, working with Mayer Brown, has advised Turk Ekonomi Bankasi on its USD 400 million issuance of fixed-rate resettable tier 2 notes due 2034. Allen & Overy and its Turkish affiliate Gedik & Eraksoy reportedly advised the joint bookrunners. 

Early-stage startups often face a significant challenge due to their very limited runway – as usually they burn money faster than they are able to acquire funding – which makes external capital crucial for sustainability. From the perspective of potential investors determining the worth of these startups is a key factor in deciding whether to invest or not into the specific project which is complex and time consuming, a luxury startups often lack.

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