“Ukrainian IPO-meetings” international conference was held on the 26th of March in Kyiv. The aim of the conference was gathering all the potential participants of IPO process to improve the stability of business contacts and to exchange experiences and attitudes.
The conference featured branch experts as well as potential issuers who seek for possibilities to enter IPO. The work of a conference was supported by the representatives of more than 100 companies such as Deutsche Bank, Deutsche Börse, HongKong Exchanges & Clearing Ltd, SWX Swiss Exchange Ltd., Freshfileds, Nörr Stiefenhofer Lutz, Singapore Exchange Ltd, Stock Market Infrastructure Development Agency (STMIDA), Magistrate & Partners, Dragon Capital, FD and “The PRT communication group”.
Within the framework of the conference, the possibilities for IPO of Ukrainian companies on foreign markets, problems concerning evaluating of the cost of our state business, the risks and advantages of entering the IPO for issuers and IPO-communication problems were discussed.
John Arons, the head manager of FD (Financial Dynamics) International, claimed that it’s too early to talk about IPO of Ukrainian companies in 2008 yet, and he supposes that the main problem of Ukrainian business is connected not with transparency but with shareholders’ rights.
In his turn, Yaroslav Hobta, the president of “The PRT communication group” marked the low level of grounding of companies for entering IPO.
“In a given context, the situation in Ukraine is complicated due to the fact that companies do not desire to shine a light on the information about their capitals and property structure, which causes state financial market to seem not transparent. Nevertheless, this situation might change in the nearest time, because companies will have to gain more publicity to attract foreign investments, which is required to enter IPO”, - as the PRT’s president stressed.
