The Experience and Lessons of Public Offerings on the Stock Markets of the USA, China and Russia
Monitoring of Russia's Economic Outlook. Trends and Challenges of Socio-Economic Development. Moscow. IEP. 2021. No. 9, pp. 19-24
6 Pages Posted: 20 May 2021
Date Written: May 18, 2021
Abstract
Public offerings have been playing an increasingly important role in fundraising for an accelerated development of businesses in the new economy. The IPO market has triggered an intense competition between the USA and China. Russia’s stock market has stayed away from these processes. The experience of the USA and China shows that for the IPO market to properly develop, it is not sufficient just to introduce some formal changes in the specific procedures for handling certain types of stock market transactions, or any new tax incentives. It is necessary to launch more profound institutional changes targeting the motives of stock issuers, investors and government departments.
Keywords: Russian economy, stock market, bond market, bond market, derivatives market, private investors
JEL Classification: G14, G15, G32, E44
Suggested Citation: Suggested Citation