The State Securities Committee (SSC) of Azerbaijan expects the launch of
the first initial public offering (IPO
, a type of public offering where shares of stock in a company are sold to the general public, on a securities exchange, for the first time) in the country by the end of
this year, the Committee chairman Rufat Aslanli announced it to
journalists on Wednesday.
"We are working with some companies to launch IPO within the scope of
listing's advisory program. We are optimistic, and we will try to place
the securities of at least one company on IPO until the year end. Our
research shows that demand for the IPO is several times greater than the
supply at market," Aslanli added.
The State Committee will continue to introduce new tools into the securities market, he noted.
"The main purpose of the infrastructure, which we are creating in the
market, is to expand the list of tools. We expect the emergence of new
tools in the market. The market has not yet been ready for widespread
use of common derivatives, the risks of which cannot be measured,"
Aslanli said.
Speaking about the market, he noted that he meant not the infrastructure
but institutions and investors, which take the risks upon themselves.
"Today we are mainly focused on the private sector, and on accessing
cheap and stable financial tools. But shares and debt instruments of
various forms are the classic tools. I believe that we will observe the
expansion of both secured and unsecured debt instruments this year,"
Aslanli said.
/Trend/