St. The St. Petersburg Stock Exchange will aim to carry out public offerings of companies that find themselves under Western restrictions. In this respect “RBC Investments” said its leader Evgeny Serdyukov.
“We have experience in launching new business segments and organizing large-scale IPOs, we also have a ready infrastructure for such participants to publicly raise capital,” Serdyukov said.
According to him, the listing of shares on the stock exchange will allow companies on the sanctions list to diversify their financing sources and expand the circle of investors, including from abroad. “We see high potential for IPOs of businesses in priority high-tech niches,” the head of the site said.
Before that, the Ministry of Finance of the Russian Federation had called on exchanges to “quickly resolve the issue” by introducing sanctioned participants to the public market, without going into details.
“This has great potential and together with our colleagues we hope to resolve this issue in a positive way,” the acting director said. Head of the Financial Policy Department of the Ministry of Finance Alexey Yakovlev
The plan to monetize economic sovereignty through public offerings was first discussed in the State Duma of the Russian Federation in November 2022. According to Deputy Aksakov, St. Petersburg Stock Exchange can become a unique trading platform for listing shares of such issuers, which is also attractive for investors. Foreign investors from unfriendly countries.
Before that, it was known which country’s newspapers became more widespread investment Russians.
The Ministry of Finance had previously stepped in. to work Frozen assets in St. Possibility of exchange on the St. Petersburg Stock Exchange.