{"id":7031,"date":"2023-01-21T07:00:00","date_gmt":"2023-01-21T04:00:00","guid":{"rendered":"https:\/\/rockvell.com\/?p=7031"},"modified":"2023-01-22T19:10:29","modified_gmt":"2023-01-22T16:10:29","slug":"sirk%c9%99tl%c9%99r-qiym%c9%99tli-kagizlarini-kutl%c9%99vi-yoxsa-qapali-yerl%c9%99sdirm%c9%99li","status":"publish","type":"post","link":"https:\/\/rockvell.com\/?p=7031","title":{"rendered":"\u015eirk\u0259tl\u0259r qiym\u0259tli ka\u011f\u0131zlar\u0131n\u0131 K\u00fctl\u0259vi yoxsa Qapal\u0131 yerl\u0259\u015fdirm\u0259li?"},"content":{"rendered":"\n

\u015eirk\u0259tl\u0259r qiym\u0259tli ka\u011f\u0131zlar\u0131n\u0131 K\u00fctl\u0259vi yoxsa Qapal\u0131 yerl\u0259\u015fdirm\u0259li?<\/strong><\/p>\n\n\n\n

Q\u0130YM\u018fTL\u0130 KA\u011eIZLAR BAZARI B\u00d6Y\u00dcK \u015e\u0130RK\u018fTL\u018fR\u018f G\u018fL\u0130R QAZANMAQLA YANA\u015eI, BORC V\u018f KAP\u0130TAL C\u018fLB ETM\u018fK \u00dc\u00c7\u00dcN D\u018f \u018fLVER\u0130\u015eL\u0130 \u0130MKANLAR YARADIR. N\u00dcFUZLU \u015e\u0130RK\u018fTL\u018fR \u0130ST\u0130QRAZ BURAXMAQLA LAZIM\u0130 H\u018fCMD\u018f BORC V\u018fSA\u0130T, S\u018fHM EM\u0130SS\u0130YA ETM\u018fKL\u018f \u0130S\u018f<\/em>.<\/p>\n\n\n

\n
\"\"<\/figure><\/div>\n\n\n

Daha \u00f6nc\u0259d\u0259n m\u0259lumat verdiyimiz kimi, qiym\u0259tli ka\u011f\u0131zlar bazar\u0131 b\u00f6y\u00fck \u015firk\u0259tl\u0259r\u0259 g\u0259lir qazanmaqla yana\u015f\u0131, borc v\u0259 kapital c\u0259lb etm\u0259k \u00fc\u00e7\u00fcn d\u0259 \u0259lveri\u015fli imkanlar yarad\u0131r. Bel\u0259 ki, n\u00fcfuzlu \u015firk\u0259tl\u0259r istiqraz buraxmaqla (emissiya etm\u0259kl\u0259) laz\u0131mi h\u0259cmd\u0259 borc v\u0259sait, s\u0259hm emissiya etm\u0259kl\u0259 is\u0259 ehtiyac\u0131 olan kapital\u0131 asanl\u0131qla \u0259ld\u0259 ed\u0259 bil\u0259rl\u0259r. Qeyd ed\u0259k ki, s\u0259hml\u0259rin \u0130lkin K\u00fctl\u0259vi T\u0259klif (\u0130PO) edilm\u0259si n\u0259tic\u0259sind\u0259 h\u0259m d\u0259 \u015firk\u0259tl\u0259rin qiym\u0259tli ka\u011f\u0131zlar bazar\u0131nda real d\u0259y\u0259ri formala\u015fm\u0131\u015f olur.<\/p>\n\n\n\n

B\u0259s qiym\u0259tli ka\u011f\u0131zlar\u0131 hans\u0131 \u00fcsullarla yerl\u0259\u015fdirm\u0259k olar?<\/strong><\/p>\n\n\n\n

M\u00f6vcud qanunvericiliy\u0259 g\u00f6r\u0259 \u015firk\u0259tl\u0259r \u00f6z qiym\u0259tli ka\u011f\u0131zlar\u0131n\u0131 ilkin bazarda iki yolla yerl\u0259\u015fdir\u0259 bil\u0259rl\u0259r:<\/p>\n\n\n\n

  1. K\u00fctl\u0259vi t\u0259klif yolu il\u0259<\/li>
  2. Qapal\u0131 yerl\u0259\u015fdirm\u0259 yolu il\u0259<\/li><\/ol>\n\n\n\n

    Sad\u0259 dill\u0259 des\u0259k, \u015firk\u0259tl\u0259r qiym\u0259tli ka\u011f\u0131zlar\u0131n\u0131 ya b\u00fct\u00fcn ictimaiyy\u0259t\u0259 bildir\u0259r\u0259k (m\u0259s\u0259l\u0259n, SOCAR istiqrazlar\u0131n\u0131n yerl\u0259\u015fdirilm\u0259si) k\u00fctl\u0259vi t\u0259klif yolu il\u0259, ya da \u0259vv\u0259lc\u0259d\u0259n raz\u0131la\u015fd\u0131r\u0131lm\u0131\u015f bir ne\u00e7\u0259 investora (say\u0131 50-d\u0259n az olmaq \u015f\u0259rtil\u0259) t\u0259klif ed\u0259r\u0259k qapal\u0131 yerl\u0259\u015fdirm\u0259 yolu il\u0259 sata bil\u0259r. Qeyd ed\u0259k ki, K\u00fctl\u0259vi t\u0259klif \u00fcsulu il\u0259 yerl\u0259\u015fdirm\u0259 yaln\u0131z birjada, Qapal\u0131 yerl\u0259\u015fdirm\u0259 is\u0259 ad\u0259t\u0259n birjadank\u0259nar, b\u0259zi \u015f\u0259rtl\u0259r daxilind\u0259 is\u0259 birjada h\u0259yata ke\u00e7iril\u0259 bil\u0259r. Bu bax\u0131mdan h\u0259r iki yerl\u0259\u015fdirm\u0259 \u00fcsulunun \u00f6z\u00fcn\u0259m\u0259xsus x\u00fcsusiyy\u0259tl\u0259ri, \u015f\u0259rtl\u0259ri, \u00fcst\u00fcn v\u0259 z\u0259if c\u0259h\u0259tl\u0259ri m\u00f6vcuddur.<\/p>\n\n\n\n

    K\u00fctl\u0259vi t\u0259klif \u00fcsulu il\u0259 yerl\u0259\u015fdirm\u0259<\/strong><\/p>\n\n\n\n

    K\u00fctl\u0259vi t\u0259klif \u00fcsulu il\u0259 yerl\u0259\u015fdirm\u0259nin ilk n\u00f6vb\u0259d\u0259 a\u015fa\u011f\u0131dak\u0131 \u00fcst\u00fcnl\u00fckl\u0259ri m\u00f6vcuddur:<\/p>\n\n\n\n

    1. Yeni v\u0259 daha geni\u015f investor bazas\u0131<\/li>
    2. \u015e\u0259ffaf qiym\u0259tl\u0259 qiym\u0259tli ka\u011f\u0131zlar\u0131n v\u0259 \u015firk\u0259tin real bazar d\u0259y\u0259rinin formala\u015fmas\u0131<\/li>
    3. Qiym\u0259tli ka\u011f\u0131zlar \u00fczr\u0259 likvidliyin artmas\u0131<\/li>
    4. Emitent \u015firk\u0259t \u00fc\u00e7\u00fcn m\u00fcsb\u0259t korporativ reputasiya<\/li><\/ol>\n\n\n\n

      Qapal\u0131 yerl\u0259\u015fdirm\u0259<\/strong><\/p>\n\n\n\n

      Qapal\u0131 yerl\u0259\u015fdirm\u0259nin ilk n\u00f6vb\u0259d\u0259 \u015firk\u0259tl\u0259r \u00fc\u00e7\u00fcn a\u015fa\u011f\u0131dak\u0131 \u00fcst\u00fcnl\u00fckl\u0259ri m\u00f6vcuddur:<\/p>\n\n\n\n

      1. T\u0259l\u0259b olunan s\u0259n\u0259dl\u0259rin nisb\u0259t\u0259n azl\u0131\u011f\u0131<\/li>
      2. Yerl\u0259\u015fdirm\u0259 prosesin\u0259 nisb\u0259t\u0259n az zaman s\u0259rf olunmas\u0131<\/li>
      3. M\u0259lumatlar\u0131n ictimaiyy\u0259t\u0259 a\u00e7\u0131qlanmas\u0131na ehtiyac olmamas\u0131<\/li><\/ol>\n\n\n\n

        Lakin x\u00fcsusil\u0259 qeyd etm\u0259k laz\u0131md\u0131r ki, qiym\u0259tli ka\u011f\u0131zlar\u0131n\u0131 Qapal\u0131 yerl\u0259\u015fdir\u0259n emitent \u015firk\u0259tl\u0259r K\u00fctl\u0259vi t\u0259klif \u00fcsulu il\u0259 yerl\u0259\u015fdirm\u0259nin yaratd\u0131\u011f\u0131 imkanlardan m\u0259hrum olmu\u015f olur. <\/p>\n","protected":false},"excerpt":{"rendered":"

        \u015eirk\u0259tl\u0259r qiym\u0259tli ka\u011f\u0131zlar\u0131n\u0131 K\u00fctl\u0259vi yoxsa Qapal\u0131 yerl\u0259\u015fdirm\u0259li? Q\u0130YM\u018fTL\u0130 KA\u011eIZLAR BAZARI B\u00d6Y\u00dcK \u015e\u0130RK\u018fTL\u018fR\u018f G\u018fL\u0130R QAZANMAQLA YANA\u015eI, BORC V\u018f KAP\u0130TAL C\u018fLB ETM\u018fK \u00dc\u00c7\u00dcN D\u018f \u018fLVER\u0130\u015eL\u0130 \u0130MKANLAR YARADIR. N\u00dcFUZLU \u015e\u0130RK\u018fTL\u018fR \u0130ST\u0130QRAZ BURAXMAQLA LAZIM\u0130 H\u018fCMD\u018f BORC V\u018fSA\u0130T, S\u018fHM EM\u0130SS\u0130YA…<\/p>\n","protected":false},"author":2,"featured_media":7032,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[50],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/rockvell.com\/index.php?rest_route=\/wp\/v2\/posts\/7031"}],"collection":[{"href":"https:\/\/rockvell.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rockvell.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rockvell.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/rockvell.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7031"}],"version-history":[{"count":1,"href":"https:\/\/rockvell.com\/index.php?rest_route=\/wp\/v2\/posts\/7031\/revisions"}],"predecessor-version":[{"id":7033,"href":"https:\/\/rockvell.com\/index.php?rest_route=\/wp\/v2\/posts\/7031\/revisions\/7033"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rockvell.com\/index.php?rest_route=\/wp\/v2\/media\/7032"}],"wp:attachment":[{"href":"https:\/\/rockvell.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rockvell.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rockvell.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}