... economies such as the US and Europe, public companies regularly conduct follow-on offerings to finance business expansion. During economic upturns, the volume of SPOs increases, while it decreases during crises. In Russia, secondary offerings became possible ... ... practice, such presentations are mandatory; in Russia, they may be more limited, although large offerings often include a series of events for analysts and major clients. Book-building. One common method of selling shares is so-called book-building. Investors ...