Ukraine takes cautious steps down IPO road
The PFTS and Ukrainian World Bank advisers, among others, are debating the role of privatization in enhancing stock market liquidity. Andrei Kolomiets, head of information and analytics at PFTS, says: “We try to explain to the state property fund [the fund that acts as a holding company for all state companies] and the Rada that the privatization process needs to be altered so that more shares are released onto the exchange to help liquidity and drive investor interest.”
By contrast, Martin Raiser at the World Bank says: “The privatization process should have one aim – to find the best investor who will run the company profitably and thus serve the interests of the wider economy.
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