Pricing of IPOs and SPOs. On the Way from the Old Market to the New

In February 2022, the process of transformation began, which fundamentally changed the landscape of the Russian market for primary and secondary placements (IPOs and SPOs). An expert, head of the capital markets department at Tinkoff Investments, Anton Malkov, thoroughly analyzes... this turning point, revealing the features of the new market and its prospects.

In his book "Pricing of IPOs and SPOs," A. Malkov answers key questions:
• What is the uniqueness of the new market compared to the old one?
• What advantages and limitations have formed in the market after 2022?
• What elements of the previous market remain relevant today?
• In what direction will the new market develop?