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ИД «Финансы и кредит»






Finance and Credit

Potential of the Russian IPO market

Vol. 30, Iss. 4, APRIL 2024

Received: 30 November 2023

Received in revised form: 14 December 2023

Accepted: 28 December 2023

Available online: 26 April 2024

Subject Heading: Securities market

JEL Classification: Е44, G10, G19

Pages: 830–850


Valerii V. SMIRNOV I.N. Ulianov Chuvash State University (ChuvSU), Cheboksary, Chuvash Republic, Russian Federation


Subject. This article discusses the development of the Russian IPO market.
Objectives. The article aims to determine the potential of the Russian IPO market.
Methods. For the study, I used analysis and synthesis, special economic and mathematical methods, correlation and regression analysis, and the graphical method.
Results. The article determines the high volatility of the trade balance and its growth rates within a certain corridor of the volume of international reserves sufficient to finance three-month imports of goods and services, it identifies changes in the increase in the excess of short-term liabilities over long-term liabilities and the outstripping growth in the volume of quoted shares of Russian issuers relative to debt securities in the domestic market.
Conclusions. The identified potential of the Russian IPO market informs the expert community about the opportunities for the development of the financial market.

Keywords: shares, exchange rate, debt securities, international reserves, trade balance


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