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The family that owns low-cost Turkish airline Pegasus also owns 12 per cent of Air Berlin.
The family that owns low-cost Turkish airline Pegasus also owns 12 per cent of Air Berlin.
(THOMAS PETER/REUTERS)

BREAKINGVIEWS

Can Turkish IPO market ride in slipstream of Pegasus?

Reuters Breakingviews delivers agenda-setting financial insight. Its global correspondents react to stories as they develop, delivering sharp and provocative commentary on big financial news as it breaks. Click here to read more international insights.

Turkish IPOs could ride in the slipstream of Pegasus Airlines. The long-awaited initial public offering of the fast-growing low-cost carrier is the largest the country’s lumpy new-issues market has seen for two years. Success could encourage more large firms to list and help the government fulfill its ambition of turning Istanbul into a top global financial centre within the next decade.