Pricing of IPO and SPO. On the way from the old market to the new

In February 2022, a transformation process began that radically changed the landscape of the Russian primary and secondary placement market (IPO and SPO). Expert Anton Malkov, head of the capital markets department of "Tinkoff Investments," analyzes this turning point in detail, revealing the features of the new market and its prospects.

In his book "Pricing of IPO and SPO," A. Malkov answers key questions:
• What is the uniqueness of the new market compared to the old one?
• What advantages and limitations has the market developed after 2022?
• Which elements of the previous market remain relevant today?
• In which direction will the new market develop?