... the placement, and what you need to pay attention to when choosing. We will also consider examples of underwriters in Russia, including the experience of FINAM in organizing a pre-IPO for Open Oil Market. Underwriters play an important role in the initial public offering (IPO) process, helping companies go public and raise capital. They act as intermediaries between the company conducting the IPO and investors. In this article, we will look at who underwriters are, what functions they perform in the IPO process,...

... ecosystems. Local Focus (Russia and CIS). Despite constraints, new funds and successful cases are emerging in the region, drawing investor attention to the local market against global trends. The IPO Market is Reviving: An Open Window of Opportunities The initial public offering market has confidently revived after a long hiatus, once again providing startups with chances for successful exits. As of the end of July, approximately 200 IPOs have been conducted on the U.S. stock market since the beginning of 2025—about ...

... financial ecosystem of the country. We will consider how to prepare for a public offering and what steps will help a company strengthen its position in the market. Key Requirements and Best Practices for a Successful IPO on the Moscow Exchange An initial public offering (IPO) opens up significant opportunities for a company, enabling it to attract capital and enhance its visibility. However, this process requires serious preparation and a clear strategy capable of captivating investor interest. In recent years,...

... indicates a substantial increase in capitalization from the current ~₽53–62 trillion (end of 2024 – beginning of 2025). Calculations by NAUFOR suggest that to achieve this target, the market needs to attract about ₽1.28 trillion annually through initial public offerings (IPOs). This totals over ₽8 trillion from 2025 to 2030. In contrast, the volume of IPOs in 2024 was only ₽81.6 billion, while in the successful year of 2021 it reached ₽247 billion. The proposed annual IPO target of ₽1.28 trillion exceeds ...

... and the CIS). Despite restrictions, new funds and initiatives are emerging in the region to develop startup ecosystems, attracting investor attention to the local market. The IPO Wave Continues: The Window to Go Public Remains Open The global primary public offerings (IPO) market has confidently revived and is gaining momentum after a prolonged lull. In Asia, Hong Kong has initiated a new wave of IPOs: in recent weeks, several major tech companies there successfully went public, collectively raising multi-billion sums. For instance, the Chinese battery manufacturer CATL raised about $5.2 billion during its listing, while ...