Thursday 3 April 2014

Can IPOs survive Ukraine? | Russia Beyond The Headlines #EuroMaidan

Can IPOs survive Ukraine? | Russia Beyond The Headlines:



"Plans for Russian companies to list billions of dollars worth of shares on global exchanges have been thrown into question by the conflict over Ukraine.



Both state-owned and private companies are mulling plans to sell fresh equity to investors in 2014. Russian Prime Minister Dmitry Medvedev said at the start of the year that the government hopes to raise more than $5 billion in 2014 selling stakes in state-held firms.



“We have rather serious plans to raise around 200 billion rubles ($5.5 billion) from privatizations this year and I hope the plans will be fulfilled,” Mr. Medvedev told a government meeting in February, only days before the crisis in Ukraine reached new heights.



Yet even before the dispute over Crimea began to impact Russian markets, Mr. Medvedev had sounded a note of caution."



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