... influenced by international practices and local market conditions (sanctions, devaluation, and a tight monetary policy). Technological companies, manufacturers, and others are beginning to use pre-IPO as a development tool, mirroring the experiences of their foreign counterparts. Stages and Mechanisms of Investing in Pre-IPO Investing in pre-IPO begins with the search for interesting companies on private platforms or through brokers dealing with closed placements. Access to such transactions is available ...

... promising projects from Russia and neighboring countries to make their mark. The main recipe for success for such teams in 2025 is to enhance innovation, build clear business models, and be prepared to operate in international markets. Only then will both foreign funds, resuming activity, and local investors seeking the "new Yandex" take notice of them. Trends and Forecasts: Cautious Optimism By mid-2025, the venture market is demonstrating a robust recovery following the downturn of previous ...