Private Equity Russia

The supposed pipeline of Russian IPO’s this year may reach $20 billion.  Following Oleg Deripaska’s IPO of RUSAL in Hong Kong, the big question is, what will be the IPO destination of choice – London or HK?  (New York, it seems, is not even in the running).  Foreign traded shares still sell at a significant premium to domestic shares, based on convenience and worries about transparency, regulations and liquidity on the domestic market.

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Belarussian President Alexander Lukashenko met with a team from the Rothschild Group last week and has invited the group to provide valuation services for enterprises slated for privatization in the republic and to advise the government on their privatization program.

The team also met with senior members of the government and the leadership of the national bank.

“If agreed in principle, we could identify five to seven projects in the near future and develop them more seriously,” said Lukashenko.

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The London Stock Exchange and MICEX (the Moscow Interbank Currency Exchange) have  jointly launched a new website (RussianIPO.com), which will provide in-depth information on the Russian and CIS capital markets as well as a means for private equity investors seeking to exit via IPO to connect with the larger investment community.

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