Template-type: ReDIF-Article 1.0
Author-Name: Abramov Alexander
Author-Workplace-Name: Russian Presidential Academy of National Economy and Public Administration
Author-Name: Kosyrev Andrey
Author-Workplace-Name: Russian Presidential Academy of National Economy and Public Administration
Author-Name: Radygin Alexander
Author-Workplace-Name: Russian Presidential Academy of National Economy and Public Administration; Gaidar Institute for Economic Policy
Author-Name: Chernova Maria
Author-Workplace-Name: Russian Presidential Academy of National Economy and Public Administration
Title: Experiences and Lessons of Public Offerings on the Stock Markets of the USA, China and Russia
Title: Опыт и уроки публичных размещений акций на фондовых рынках США, Китая и России
Abstract: Public offerings have been playing an increasingly important role in fundraising for an accelerated development of businesses in the new economy. The IPO market has triggered an intense competition between the USA and China. Russia’s stock market has stayed away from these processes. The experience of the USA and China shows that for the IPO market to properly develop, it is not sufficient just to introduce some formal changes in the specific procedures for handling certain types of stock market transactions, or any new tax incentives. It is necessary to launch more profound institutional changes targeting the motives of stock issuers, investors and government departments.
Keywords: financial markets, stock markets of the USA, Cuna and Russia, initial public offering, IPO, SPAC-companies, SPAC
Classification-JEL: E44, G15, G18, G23, G34
Journal: Russian Economic Developments
Year: 2021
Issue: 5
Month: May
Pages: 14-20
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/r2151.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:r2151