Experiences and Lessons of Public Offerings on the Stock Markets of the USA, China and Russia

Опыт и уроки публичных размещений акций на фондовых рынках США, Китая и России

Alexander Abramov, Andrey Kosyrev, Alexander Radygin and Maria Chernova

Russian Economic Development, 2021, issue 5, 14-20

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 (search for similar items in EconPapers)
JEL-codes: E44 G15 G18 G23 G34 (search for similar items in EconPapers)
Date: 2021
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