Turkish Energy IPOs Spark Investor Appetite and Worker Compensation Protests

Masfen Enerji A.Ş. completed its public offering between 22‑24 July 2026, issuing 85 million shares at 45.68 TL each and raising a total of 3 billion 882 million 800 thousand TL. The IPO attracted a 4.98‑times demand, with over 1.12 million applications and more than 1 million investors receiving allocations.

At the same time, families of workers who died in accidents at Şa‑Ra Enerji and Europower Enerji have staged protests, saying the companies’ recent IPOs generated billions of lira in capital while their claims for compensation remain unresolved. Victims’ spouses, such as Sevdanur Katrcı and Tülay Doğrul, criticize the prolonged legal process and lack of payouts despite the firms’ lucrative listings.