In 2024, a record number of companies went public in Russia in 17 years

In 2007, 18 companies made IPOs on the Moscow Stock Exchange, and the following year only two, the press service of the trading platform noted. This year, 13 companies appeared on the Moscow Stock Exchange and one company entered the St. Petersburg Stock Exchange.

In 2024, the Moscow Stock Exchange included, in particular, software developers Diasoft and Arenadata Group, MTS Bank, hypermarket VseInstrumenty.ru, pharmaceutical manufacturer Ozon Pharmaceuticals and car rental service Delimobil. And chipmaker Element is listed on the St. Petersburg Stock Exchange.

The main reason for the increase in the number of initial placements is the high key rate, so companies find it difficult to obtain loans, so business development through loans slows down and companies have to raise money through the method of exchange. “Andrey, financial markets analyst at the Gazprombank investment service, told the newspaper.

Andrei Petrov, head of client relations at the brokerage company BCS World of Investments, stressed that companies often go public due to limited access to foreign capital markets: Russian companies often only have the opportunity to raise money for development within the country.

Previously, Russian companies were actively listed on foreign stock markets, sometimes resorting to double listing; For example, this model was followed by the Ozon market, whose shares were listed on the Nasdaq in New York (the company ceased trading at the end of 2023). ).

This year, companies from the information technology, consumer market and pharmaceutical sectors have gone public more frequently. The popularity of this financing method among IT companies is explained by the wide possibilities of substitution of foreign products and solutions, says Natalya Milchakova, leading analyst at Freedom Finance Global.

In his opinion, although the official interest rate of the Central Bank remains high next year, company shares may still remain in the zone of low demand, since investors prefer to keep money in bank deposits at interest rates. tall, Milchakova said.