Aydem Yenilenebilir Enerji A.S. has applied to the country's capital markets watchdog for an initial public offering (IPO), the company said on February 23. In a statement, the company said it mandated Garanti Yatirim, Is Yatirim, Turkiye Kalkinma ve Yatirim Bankasi and Yapi Kredi Yatirim for the Istanbul listing. A source familiar with the IPO plan told Reuters that the company tapped Wall Street banks Citigroup, Goldman Sachs Group and JPMorgan Chase & Co as international book runners. A separate source close to the company was cited as saying it applied for a listing on the Borsa Istanbul last year but suspended those plans because investor appetite for IPOs had dipped in emerging markets.