Turkey's SPK approves Quick Sigorta and Bewen Enerji IPOs

The Capital Markets Board (SPK) announced approval for the initial public offerings of Quick Sigorta A.Ş. and Bewen Enerji A.Ş. Quick Sigorta will increase its capital from 433.3 million TL to 481.6 million TL and sell 48.3 million shares at a fixed price of 76.60 TL, raising about 3.7 billion TL. Bewen Enerji will raise its capital from 261 million TL to 317 million TL, issue 80 million shares at 48.10 TL each and sell 24 million TL of existing C‑class shares, generating roughly 3.8 billion TL. Both offerings are part of a record‑setting IPO surge in July 2026, with eight companies receiving SPK approval—the highest monthly total since early 2025—and a total announced issuance of 32.1 billion TL (about 684 million USD) for the month. The proceeds are earmarked for expanding insurance underwriting capacity at Quick Sigorta and for financing wind‑farm capacity and debt reduction at Bewen Enerji. Subscription periods are scheduled for 29‑31 July 2026, after which the shares will begin trading on Borsa İstanbul, listed under the ticker “QUICK” for Quick Sigorta.