VTB Bank says foreign investor participation in Russian IPOs remains limited
Quick Look
VTB Bank's Deputy President Vitaly Sergeychuk stated that while investors from friendly countries participate in Russian IPOs, their involvement remains limited, with Russian institutional and retail investors still dominating equity market offerings, as reported at the Eastern Economic Forum in Vladivostok.
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Why It Matters
The Eastern Economic Forum is an annual event focused on Russia's Far East development, organized by the Roscongress Foundation with government support. VTB Bank is one of Russia's largest financial institutions.
VLADIVOSTOK, September 2. /TASS/. The participation of investors from friendly countries in Russian IPOs remains limited, Vitaly Sergeychuk, Deputy President, Chairman of the Management Board of VTB Bank, said in an interview with TASS on the sidelines of the Eastern Economic Forum (EEF).
"Investors from friendly countries are present, though their participation in IPOs remains limited for now," he said.
Russian institutional and retail investors are still the primary participants in offerings on the equity market now, Sergeychuk added.
The Eastern Economic Forum is taking place on September 1-4 in Vladivostok on the campus of the Far Eastern Federal University. The main theme of this year’s EEF is "The Far East: Development for the Benefit of People." The event is organized by the Roscongress Foundation with the support of the Russian government. TASS is its general information partner.
Open Questions
- Which specific friendly countries' investors are participating in Russian IPOs?
- What percentage of IPO subscriptions come from foreign versus domestic investors?
- Are there any government initiatives to increase foreign investor participation in Russian capital markets?
