Russia Has IPO Pipeline of About 20 Companies, Deputy Finance Minister Says

Russia has assembled a pool of approximately 20 companies prepared for initial public offerings, with a significant share being technology players, Deputy Finance Minister Ivan Chebeskov stated at the St. Petersburg International Economic Forum (PMEF).

Anton Malkov, Managing Director of Capital Markets at T-Bank, noted that successful IPOs currently depend on institutional investors, as they are less sensitive to market volatility. Malkov also remarked that the market is in a "low water" period with conservative multipliers, drawing parallels to 2018, 2020, and 2022, each of which was followed by a new cycle of activity.