IPO and SPO. Structuring, Pricing

Impartial answers to the most important questions arising when placing on the Russian stock capital market.
Russian stocks are traded at a discount to their counterparts in emerging markets, even despite the increase in the dividend flow paid to minority shareholders.... This is largely due to vulnerability to global trends and the risks of Russian corporate governance.
If you are a consultant, especially the owner or manager of a company planning to place on the stock capital market, the following questions are relevant for you:
— How to choose a platform for placement?
— How to determine the target offering volume?
— At what level to set the price?
— What price dynamics is considered normal?
The author convincingly shows that Russian companies and Russian shareholders are characterized by an aggressive approach to pricing. He traces this phenomenon through examples of initial placements and sees the solution to this problem in the area of pricing.
In recent years, the percentage of market participants in placements demonstrating a more balanced approach to pricing has increased, which, coupled with the rapid recovery of the market after the events of 2014 and 2018 and the prerequisites for reducing dependence on foreign investors, helps to look to the future with optimism.
This is the revised edition of the book, which was previously published under the titles «Share Placement» and «Share Placement: Structuring and Pricing».