MonitoringRussian IPO in 2007 will bring to the Russian owners about $30 mlrd - these are forecasts of analysts of the Alpha bank, published yesterday in the special review devoted to forthcoming Russian placings. 66 % of this sum, the bank considers, privatisation of state actives in the form of IPO will give - first of all it is a question of state actives in power and bank sector. Probably, the event as - that will change the most paradoxical trend revealed by analysts of Alpha bank. By their calculations, at least for February, 2006 the boom Russian IPO since 2003 enriches the state much more, than investors.
an analyst of bank Christopher Uifer results a retrospective show of the data how during IPO the structure of the property of the public companies in Russia (see the schedule) changed. It is paradoxical, but three years of boom IPO and in parallel corporate actions accompanying them have led to that the share of managers and insajderov the companies (actually their founders or owners from the moment of privatisation in the beginning 90-) has decreased a minimum in one and a half time - but at all at the expense of strategic or portfelnyh investors as it could be assumed. And free float, and a share “ strategists “ has changed slightly - in the sum it is the same “ about 40 % “. And here the weight of the state which in 2007 most actively put in IPO, has only grown more than in 1,5 times.
nationalisation of the public sector spent through IPO (such picture, perhaps, it is not observed in one market from the end 90-), has brought to the state substantial growth of actives: If cost of actives in free float for 2006 has increased from $184 mlrd by $103 mlrd cost of state actives in the public companies has grown on $214 mlrd and makes now $403 billion Less all actives " have grown; strategists “ - on $44 billion Thus, proceeding from the Alpha bank data, it is possible to ascertain: from the point of view of structure of possession of the property, those events which part is boom IPO in Russia while are way for the state to earn on privatisation, increasing the weight in economy.