Russian Market of IPO / SPO January-June 2010

The following study covers the processes of a public offering (IPO / SPO / PO) ordinary / voting shares in companies across a wide and limited circle of investors with the passage of a listing on the Stock Exchange for the period January-June 2010. 

Results for the first six months of 2010 are encouraging and justify the hopes of 2009 - "We hope for growth." 


Quantitative volume (13 offerings) is close to the maximum value for all time of existence of the Russian market of IPO / SPO (in 2007), and the value ($ 3.9 billion) is less than just the same peak in 2007 (which were related accommodations of  VTB, Sberbank and PIC, Uralkali, etc.). 

It is worth noting that the results of the first half of 2009 reflect the dynamics of the entire Russian stock market.  RTS and MICEX and market of IPO / SPO showed values comparable to 2004 in this period. 


Summarized data of the Russian market: 

• 13 - Quantitative market volume;
• $ 3,939 million - the value of the market;
• $ 302,9 million - the average volume of distribution;
• 11,9% - the weighted average of shares placement;
• 53% of the value of the market posted on the Hong Kong Stock Exchange (HSEx);
• 57% of the value of the market falls to accommodate Rusal;  
• 32% of the quantitative amount of the market is the fuel industry; 
• Highest Rated consultants:
Renaissance Capital - The organizer of placement and placement underwriter; 
Cleary Gottlieb Steen and Hamilton - Associate of the Issuer; 
Linklaters - Associate Consultant; 
KPMG - Auditor of the Issuer;
Financial Dynamics - IR-consultant of the Issuer.


By materials of Analytical Group ReDeal Project