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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]

Author

Listed:
  • Abramov Alexander

    (Russian Presidential Academy of National Economy and Public Administration)

  • Kosyrev Andrey

    (Russian Presidential Academy of National Economy and Public Administration)

  • Radygin Alexander

    (Russian Presidential Academy of National Economy and Public Administration; Gaidar Institute for Economic Policy)

  • Chernova Maria

    (Russian Presidential Academy of National Economy and Public Administration)

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.

Suggested Citation

  • Abramov Alexander & Kosyrev Andrey & Radygin Alexander & Chernova Maria, 2021. "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]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 5, pages 14-20, May.
    • Handle: RePEc:gai:recdev:r2151
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    More about this item

    Keywords

    financial markets; stock markets of the USA; Cuna and Russia; initial public offering; IPO; SPAC-companies; SPAC;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

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