The 20th anniversary of the Russian IPO market: analysis and forecast

 
PIIS020736760019573-9-1
DOI10.31857/S020736760019573-9
Publication type Article
Status Published
Authors
Affiliation: Financial University under the Government of the Russian Federation
Address: Russian Federation, Moscow
Occupation: Department of Banking and Financial Markets
Affiliation: Financial University under the Government of the Russian Federation
Address: Russian Federation, Moscow
Journal nameObshchestvo i ekonomika
EditionIssue 4
Pages64-81
Abstract

The Russian stock market is in crisis. The indices of the Moscow Stock Exchange and RTS in February 2022 updated their lows and returned to the values of March 2020. The Russian Federation  stock market  has never faced a fall of such magnitude in such a short period of time. The favorable situation that prevailed in the financial markets during the pandemic has been nullified. The lockdown and widespread restrictions obviously brought a huge number of individuals to the stock exchange, which allowed the market to recover much faster from the fall in 2020 than after the crises in 2014 or 2018, and the interest of private investors in investments created favorable conditions for the emergence of new companies on the exchange – 15 Russian companies have entered IPO (Initial Public Offering) over the past 2 years. But in the current conditions of growing geopolitical tensions and another collapse in the stock market, the problem of reducing the number of IPOs again comes to the fore. The article discusses the key aspects of the development of the IPO market in Russia, and provides a forecast for upcoming placements.

KeywordsIPO, initial public offering of shares, joint stock company, issuer, securities, stock market
Publication date27.04.2022
Number of characters31231
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