Türk Telekom, the country’s dominant fixed-line operator, priced Turkey’s biggest initial public offering near the top end of the range on Monday, highlighting improving market sentiment.

The offer was priced at TL4.6 per one hundred shares – against an indicative price of TL3.9 to TL4.7 –- valuing the 15 per cent of the company being sold at TL2.4bn ($1.9bn).