Russia’s central bank is to encourage the country’s financial institutions to contemplate IPOs. It has unveiled proposals aimed first at boosting their capitalization and then persuading them to list their stock – presumably on a domestic exchange. That, certainly, is what the Russian financial regulator, the Federal Financial Markets Service, is advocating for all companies that are contemplating a listing.
Among the measures outlined is a proposal that the central bank should allow small stakes of less than 1% to be traded freely – without its permission.
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