... 1.28 trillion rubles annually through IPOs. We analyze which sectors will become the drivers, which companies may go public, and what reforms are needed to boost the market. Doubling the Capitalization of the Russian Stock Market by 2030: IPOs Averaging ... .... Poor Sector Diversification. Currently, a significant portion of capitalization is concentrated in traditional sectors – oil and gas, metals, and the banking sector. The low presence of IT, small business, and innovative companies in the market diminishes ...