The Istanbul-based clubs are the first in the country to raise cash by selling shares. Galatasary currently top the domestic super league by three points from second-placed Beskitas.
The Besiktas company said $10 million of the $14 million raised would be used to buy the contracts of 29 players from the Besiktas club, which is the major shareholder in the listed firm.
Besiktas has said it wants to use the share revenue to help expand capacity at its Inonu Stadium in central Istanbul to 37,000 from 22,000 and to invest in youth training facilities on the outskirts of the city.
Galatasaray raised $20 million from their issue but have not yet specified how they aim to use the money.
Besiktas offered 326.5 million shares or 15 percent of its capital, while Galatasaray, who play Liverpool in the Champions League on Wednesday, offered 325.6 million shares or 16 percent of its capital in a two-day public offering last week.
