VTB predicts about 10 IPOs of Russian issuers in 2024 – Kommersant
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In 2024, activity in the Russian IPO market will remain high if the situation is stable, said Vitaly Sergeychuk, head of VTB’s corporate and investment business unit, at the VTB “Russia Calling!” forum. He expects about 10 IPOs within a year.
“In 2024, given a stable economic situation and a stable geopolitical situation, we expect approximately 10 IPOs, their size will gradually increase, but we still do not expect a sharp increase,” said Mr. Sergeychuk “Interfax”.
VTB sees interest in listing companies in the commodity sectors (for example, metallurgy) on the stock exchange. Shares of companies from the IT sector are popular. Companies in the finance, agriculture and healthcare sectors may also be considering an IPO. So far, placement volumes are in the range of 3–6 billion rubles, sometimes reaching 10 billion rubles, but rarely exceeding them, the bank’s top manager noted.
Now the IPO market is at a stage of development, when the bulk of demand is generated by private investors, the expert believes. There is demand from institutional investors, but the role of this segment must increase. “From the point of view of creating institutional demand for successful IPOs and to increase the volume of such placements, two areas need to be developed – work to ease regulatory requirements for our institutional investors and initiatives to attract friendly ones,” added Mr. Sergeychuk.
By the end of 2023, eight initial public offerings should take place. In the history of the Russian market there were only three years with such a result; only the figures for 2006–2007 seriously exceeded it.
About how private investors are transforming the IPO market – in the material “Kommersant” “Special Paper Persons”.
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