409 Russian IT companies may become candidates for an initial public offering (IPO) in the next 2-3 years. This conclusion was reached by analysts from the Internet Initiatives Development Fund (IIDF), who prepared the study “IPO and PRE-IPO Opportunities in Russia”, reviewed by RB.RU.
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“These are companies with revenues of 2 billion rubles, and more than half (257) increase their revenues annually by 20% or more,” IIDF analysts said.
According to the study, another 90 companies, of which 37% are IT companies, announced plans to conduct an initial public offering (IPO) in the next two years. These include SKB Kontur, Sputniks, Aquarius, Qummy, IEK Group, Mobius Tech and others.
IIDF publishes a list of companies that intend to conduct an IPO:
Among the largest Russian IPOs carried out after 2022, the fund highlighted the largest transactions: Vseinstrumenty.ru (volume of 14.5 billion rubles and free float of 12%), PJSC EuroTrans (13.5 billion rubles and 24.5%), the leasing company Europlan (13.1 billion rubles and 12.5%).
Due to geopolitical turbulence, the first initial placement after a one-year hiatus occurred in December 2022, followed by a “boom” of local placements, the fund concluded. In 2023, 8 IPOs were carried out in Russia and in 2024, according to the results of three quarters, 11 placements were carried out.
“The interest of retail investors in stocks, motivated by expectations of an increase in inflation, as well as active placements of companies due to the increase in interest rates and the high cost of debt financing, have reactivated the Russian capital market,” he said. the IIDF reported.
“The driver of the development of the IPO market is the growing demand from retail investors. The number of individual investors on the Moscow Stock Exchange already exceeds 33 million. Participation from institutional investors is also increasing. Until October 2024, 12 IPO transactions with a total volume of 65 billion rubles have been carried out,” Dmitry Taskin, director of primary market development at the Moscow Stock Exchange, is quoted in the study.
In September, Dsight published the “Venture Eurasia” report, highlighting the pre-IPO and IPO boom in Russia in 2024.
“High risks contribute to the concentration of deals in the early stages and within angel clubs. Since 2022, the private investor has become a prominent player in the venture, IPO and pre-IPO markets, which also stimulates experiments with tools such as digital financial investment and crowdfunding,” commented Anton Ustimenko, partner at B1, on retail trade activity. investors.
Author:
Ekaterina Strukova
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
