Report: Exec says Moscow Exchange could see no large IPOs 2024

MOSCOW, Nov 27 (PRIME) -- No large initial public offers (IPOs) are expected on the Moscow Exchange in 2024, head of the Supervisory Board Sergei Shvetsov told news outlet Frank Media on Monday.

"No, there are some isolated IPOs, this behavior is linked with the supply deficit. The chains of leading companies to an IPO have been broken,” Shvetsov said.

“Demand exceeds supply now. By the way, the list of those wishing to float their shares next year is not bad… No, no placements of the scale of Ozon are planned so far."

The executive did not disclose the list of companies preparing for placement. He said that the majority of companies want to become public in order to be able to scale-up the business.

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