The Moscow Stock Exchange intends to carry out the first placement on the over-the-counter capital raising platform in the second quarter of 2024. Boris Blokhin, general director of the stock market trading platform, told Vedomosti.
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Until the end of 2024, five pre-IPO transactions worth between 200 million and 1 billion rubles can be carried out on the platform. Only qualified investors will be able to access them.
Pre-IPO is the purchase of shares before a company goes public. Unlike an initial public offering, pre-placement does not involve advertising by the joint stock company.
One of the requirements for the future issuer of the platform is to describe in detail why they need the money. The Moscow Stock Exchange will mainly consider cash-in transactions, that is, the collected funds will remain in the company.
According to Blokhin, the platform is already prepared for this work. Now the company is thinking about how to organize the flow of transactions, distributing demand and creating conditions for fair allocation. In the future, it is planned to turn this process into a factory, to offer the investor a calendar of possible transactions.
Author:
Karina Pardaeva
Source: RB
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