IPO and SPO. Structuring, pricing
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Unstable answers to the most important questions arising when placing joint -stock capital on the Russian market.
Russian actions are traded with a discount to analogues in developing markets, even despite the increase in the dividend flow paid to minority shareholders. This is largely due to vulnerability before global trends, as well as due to the risks of Russian corporate governance.
If you are a consultant, and even more so the owner or head of the company who plans to place joint -stock capital on the market, the following questions are relevant for you:
- How to choose a platform for placement?
- How to determine the target volume of supply?
- At what level to set the price?
- What is the dynamics of quotations?
The author convincingly shows that Russian companies and Russian shareholders have an aggressive approach to pricing. It traces this phenomenon on the example of primary placements and sees the solution to this problem in the field of pricing.
In recent years, the percentage of market participants showing a more balanced approach to pricing increased, which, coupled with the rapid recovery of the market after the events of 2014 and 2018 and the prerequisites to reduce dependence on a foreign investor helps to look at the future with optimism.
This is a supplemented edition of the book, which previously published under the names of "placement of shares" and "placement of shares: structuring and pricing".
From the author
In the light of dynamic development of the situation in the market, the need to renew and supplement the 2015 publication was increasingly felt.
No matter how paradoxical it may sound against the background of the volatility of recent years, the third edition is optimistic than the first two. The market was rationalized, and the prerequisites arose for correcting one of its main flaws - dependence on a foreign investor.
For whom this book
For owners and leaders of companies, financial and legal consultants, as well as for everyone who is interested in placements in the joint -stock capital market
Russian actions are traded with a discount to analogues in developing markets, even despite the increase in the dividend flow paid to minority shareholders. This is largely due to vulnerability before global trends, as well as due to the risks of Russian corporate governance.
If you are a consultant, and even more so the owner or head of the company who plans to place joint -stock capital on the market, the following questions are relevant for you:
- How to choose a platform for placement?
- How to determine the target volume of supply?
- At what level to set the price?
- What is the dynamics of quotations?
The author convincingly shows that Russian companies and Russian shareholders have an aggressive approach to pricing. It traces this phenomenon on the example of primary placements and sees the solution to this problem in the field of pricing.
In recent years, the percentage of market participants showing a more balanced approach to pricing increased, which, coupled with the rapid recovery of the market after the events of 2014 and 2018 and the prerequisites to reduce dependence on a foreign investor helps to look at the future with optimism.
This is a supplemented edition of the book, which previously published under the names of "placement of shares" and "placement of shares: structuring and pricing".
From the author
In the light of dynamic development of the situation in the market, the need to renew and supplement the 2015 publication was increasingly felt.
No matter how paradoxical it may sound against the background of the volatility of recent years, the third edition is optimistic than the first two. The market was rationalized, and the prerequisites arose for correcting one of its main flaws - dependence on a foreign investor.
For whom this book
For owners and leaders of companies, financial and legal consultants, as well as for everyone who is interested in placements in the joint -stock capital market
Author:
Author:Anton Malkov
Cover:
Cover:Hard
Category:
- Category:Business & Money
Publication language:
Publication Language:Russian
Paper:
Paper:Offset
Series:
Series: Myth. Business
Age restrictions:
Age restrictions:16+
ISBN:
ISBN:978-5-00169-191-4
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