Gazprombank has signaled that the Russian equity market can sustain an annual initial public offering volume of 100 billion rubles, a target the lender’s capital markets head described as entirely achievable rather than speculative.
Denis Shulakov, first vice-president and head of capital markets at Gazprombank, told Vedomosti that the current market conditions support this level of activity, marking a shift in sentiment among major financial intermediaries regarding the depth of domestic investor appetite.
The bank’s assessment aligns with recent disclosures from the Moscow Exchange, which has identified between 15 and 20 companies currently at a high level of readiness to conduct IPOs.
Boris Blokhin, the exchange’s senior managing director for sales, previously highlighted this pipeline, suggesting that the infrastructure and corporate interest are in place to execute a significant number of listings in the near term.
This convergence of views between a major underwriter and the primary exchange underscores a coordinated effort to revitalize the primary market.
For traders and investors, the implication is a potential increase in liquidity and new investment opportunities within the Russian equity space.