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now in financial markets the prerequisites for the new IPO, in particular, additional liquidity, capital for new investment, foreign investors interested in Russia"s mining companies, participants held at the MICEX Conference on Investment Climate and the IPO ". There is a desire to be placed by the issuers - the budgets of many large state-owned companies are scarce or curtailed, "hole" it is necessary to stop any money from the budget, or bond with a state guarantee, or primary /secondary allocation.
expected volume of IPO and SPO in 2010
| Amount, U.S. $ | number of companies planning to placement of the volume | Share in volume of placements,% |
|---|---|---|
| More than 1 billion | 14 | 26 |
| 250 million-1 billion | 19 | 36 |
| Less than 250 million | 20 | 38 |
Source: estimates Finam
Impuls Russia"s market of IPOs in 2010 will provide and privatization. The state plans to privatize part of the companies through the public offering. In particular, the exchange can leave companies such as Sovcomflot, First Cargo Company "," Rosagroleasing "," Transcontainer "and others. Use of IPO for the privatization of state companies will be interesting for both retail and institutional investors (to recall a popular location for Rosneft, VTB and Sberbank, "which became one of the largest volume of attracted funds in those years when performed). State enterprises, whose shares are to be sold, are leaders or even a monopoly in its industry, which attracts investors (for example, Sovcomflot).
"The success of the IPO will largely depend on the conditions of placement: whether the offering price at a discount to the world analogues, - said Alexei Kurasov, head of corporate finance Finam." - State Company, not only in Russia have traditionally been popular with investors, the main reason - state-owned enterprises are the basis of the economic power of the country is a stable company that is a low probability may become bankrupt. "
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