{"id":7980,"date":"2026-05-11T15:30:37","date_gmt":"2026-05-11T15:30:37","guid":{"rendered":"https:\/\/virconlegal.com\/term\/ikincil-piyasa\/"},"modified":"2026-05-13T04:33:31","modified_gmt":"2026-05-13T04:33:31","slug":"ikincil-piyasa","status":"publish","type":"term","link":"https:\/\/virconlegal.com\/tr\/term\/ikincil-piyasa\/","title":{"rendered":"\u0130kincil Piyasa"},"content":{"rendered":"

TLDR:<\/h3>\n

\u0130kincil Piyasa (Secondary Market), \u00f6nceden ihra\u00e7 edilmi\u015f menkul k\u0131ymetlerin yat\u0131r\u0131mc\u0131lar aras\u0131nda al\u0131n\u0131p sat\u0131ld\u0131\u011f\u0131 pazard\u0131r. Birincil piyasada (IPO) hisse al\u0131p ikincil piyasada ba\u015fkalar\u0131na sat\u0131\u015f yapmak temel modeldir.<\/p>\n

Secondary Market Nedir?<\/h3>\n

\u0130kincil piyasa t\u00fcrleri: Stock Exchanges \u2014 NYSE, NASDAQ, Borsa \u0130stanbul (geleneksel hisse al\u0131m-sat\u0131m\u0131), OTC Markets \u2014 pink sheets, ECN’s (less regulated), Private Secondary \u2014 \u00f6zel \u015firket hisselerinin al\u0131m-sat\u0131m\u0131 (Forge, EquityZen, AngelList), Crypto Exchanges \u2014 kripto al\u0131m-sat\u0131m\u0131, Bond Markets, ve Commodity Markets. Bu pazarlar likidite ve fiyat ke\u015ffi sa\u011flar.<\/p>\n

Private Secondary Market:<\/h3>\n

Startup ekosisteminde \u00f6nemli: Private companies (Stripe, SpaceX gibi) IPO’dan \u00f6nce milyarlarca dolar de\u011ferinde olabilir, Erken \u00e7al\u0131\u015fanlar ve yat\u0131r\u0131mc\u0131lar likidite ister, Secondary platforms private hisselerin al\u0131m-sat\u0131m\u0131n\u0131 m\u00fcmk\u00fcn k\u0131lar, Forge, EquityZen, ve Carta secondary \u00f6nde gelen platformlar, \u015eirket genellikle right of first refusal hakk\u0131 tutar, ve Tender offers \u2014 \u015firket organize etti\u011fi secondary sales.<\/p>\n

Secondary Market’in \u00d6nemi:<\/h3>\n

Faydalar\u0131: Likidite (yat\u0131r\u0131mc\u0131lar uzun s\u00fcre wait etmeden \u00e7\u0131kabilir), Fiyat ke\u015ffi (ger\u00e7ek piyasa de\u011feri belirlenir), Capital formation (efficient pazar primary fundraising’i art\u0131r\u0131r), Risk diversification, Employee retention (\u00e7al\u0131\u015fanlar likidite alarak motivated kal\u0131r), ve Investor diversification. Modern secondary market’ler crypto ve tokenized assets ile daha da geli\u015fiyor.<\/p>\n

Secondary Trading’in D\u00fczenlemeleri:<\/h3>\n

Yasal \u00e7er\u00e7eve: SEC Rule 144 \u2014 restricted securities sale rules, Rule 506(c) \u2014 accredited investor verification, Rule 144A \u2014 institutional investors i\u00e7in QIB sales, Section 4(a)(7) \u2014 secondary sale exemption, AB Prospectus Regulation, ve T\u00fcrkiye SPK d\u00fczenlemeleri. Private secondaries i\u00e7in company consent genellikle gerekli (right of first refusal). Tax implications b\u00fcy\u00fck \u2014 capital gains, AMT impact, QSBS treatment hesaba kat\u0131lmal\u0131.<\/p>\n","protected":false},"excerpt":{"rendered":"

TLDR: \u0130kincil Piyasa (Secondary Market), \u00f6nceden ihra\u00e7 edilmi\u015f menkul k\u0131ymetlerin yat\u0131r\u0131mc\u0131lar aras\u0131nda al\u0131n\u0131p sat\u0131ld\u0131\u011f\u0131 pazard\u0131r. Birincil piyasada (IPO) hisse al\u0131p ikincil piyasada ba\u015fkalar\u0131na sat\u0131\u015f yapmak temel modeldir. Secondary Market Nedir? \u0130kincil piyasa t\u00fcrleri: Stock Exchanges \u2014 NYSE, NASDAQ, Borsa \u0130stanbul (geleneksel hisse al\u0131m-sat\u0131m\u0131), OTC Markets \u2014 pink sheets, ECN’s (less regulated), Private Secondary \u2014 \u00f6zel […]<\/p>\n","protected":false},"author":4,"featured_media":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","format":"standard","meta":{"footnotes":""},"categories":[],"class_list":["post-7980","term","type-term","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term\/7980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term"}],"about":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/types\/term"}],"author":[{"embeddable":true,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/comments?post=7980"}],"version-history":[{"count":4,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term\/7980\/revisions"}],"predecessor-version":[{"id":9704,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term\/7980\/revisions\/9704"}],"wp:attachment":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/media?parent=7980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/categories?post=7980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}