Putin instructed to take measures to support IPOs of Russian companies – Kommersant
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President Vladimir Putin instructed the government to take additional measures to support public offerings (IPOs) of Russian companies. This item is in the list of instructions for website Kremlin.
“The Government of the Russian Federation, together with the Bank of Russia, establish target values starting from 2023 and ensure the calculation of actual values in relation to the public offering of shares of companies on the Russian financial market, taking additional measures to support such placement,” the president ordered.
In 2022, only one IPO took place in Russia. The scooter rental service Whoosh placed shares on the Moscow Exchange and raised RUB 2.1 billion. with the planned 5 billion rubles. In 2023, the center for genetics and reproductive medicine Genetico went public. With demand exceeding 2.5 times, the company collected 178.8 million rubles. Since then, the company’s shares have risen 31.09%.
Kaluga distillery Kristall and infrastructure software developer Astra Group recently announced plans to enter an IPO. The IPO can be carried out by Sovcombank, which is on the list of systemically important players in the Russian market.
More details in the material “Sovcombank will go public”.
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