... market. I firmly believe that our IPO in 2027 will mark a significant achievement not only for the company but also for the entire industry, illustrating that there are successful projects in Russia poised for public exposure and committed to long-term development. An IPO is not merely a timeline event in a company's lifecycle; it signifies a new level of management, financial transparency, and market engagement. Strategic and legal preparation, effective corporate governance, and the ability to connect with investors ...

... IPO for developers include: Attracting capital on favorable terms. Reducing reliance on bank financing. Increasing business transparency, which fosters trust among investors and clients. Challenges and Risks of Going Public Despite the appeal of an IPO, developers face several difficulties. In a high key rate environment, investors tend to prefer stable and profitable assets such as bank deposits. This means that developers will likely have to offer shares at a significant discount to attract potential ...

... the company with the maximum amount of capital. 2. Conducting a "road show" and marketing support For a successful IPO, it is important to conduct a marketing campaign that will attract investor interest in the shares being offered. Underwriters ... ... series of meetings with potential investors, during which the company's management talks about its business, prospects, and development plans. This helps create demand for shares and attract attention to the company. 3. Underwriting Underwriters can ...

... beneficial. This provides ready expertise and diversification across several deals. Be sure to consider fees and liquidity of the fund shares when choosing this route. Entering at final stages of preparation. The optimal timing is when the company has developed its strategy and is in final preparations for the IPO (audits completed, investors lined up). This reduces the risk of cancellation but offers a lower discount to valuation. At early stages, potential returns are higher, but so is uncertainty. Avoiding participation in "trendy" rounds without ...

... preferential financing programs for issuers. However, at the moment, no specific measures have been adopted, which adds to the uncertainty. What to expect in the near future? In the coming months, we can expect continued difficulties with conducting an IPO in Russia. The high key rate will restrain activity in the stock market and reduce the opportunities for raising capital. However, there are several scenarios that may develop depending on the further dynamics of the economic situation: Rate reduction in case of economic stabilization. If inflation begins to slow down and the economic situation stabilizes, the Central Bank may begin to lower the rate. This may give ...